RE: Angra18 Dec 2025 14:40
Lol if in doubt blame Trump, reality is a lot different.
If tariffs were supposedly crushing global FX transactions early in 2025, volumes should have tanked in Q1/Q2. But reality?Global FX Transaction Volumes in 2025 According to the BIS Triennial Survey (April 2025 snapshot): Daily FX turnover hit a record $9.6 trillion, up 28% from 2022.
Driven partly by tariff-related volatility and geopolitical uncertainty – meaning more hedging, more speculation, more transactions overall.
Spot and forwards surged (spot +42%, forwards +60%), exactly the kind of activity you'd expect in uncertain trade environments.
No sign of a "short-term reduction" globally due to tariffs, followed by a Q2 rebound. Volumes were booming amid the chaos.