2022-10-27
The year 2022 marked the seventh time the Bank of Lithuania participated in the Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets launched by the Bank for International Settlements (BIS). The main goal of the Triennial Survey is to obtain comprehensive and internationally consistent statistical information on the size and structure of global foreign exchange and over the counter (OTC) derivatives markets. The survey is intended for financial institutions pre-selected by national central banks.
More than 1,200 financial institutions in 52 countries contributed to the 2022 Triennial Survey, submitting data on turnover in foreign exchange and OTC derivatives markets in April 2022. The survey conducted in Lithuania involved three market participants, comprising 43% of Lithuania’s foreign exchange and derivatives market.
The survey of Lithuanian foreign exchange and OTC derivatives markets conducted in April 2022 showed:
- The turnover of the foreign exchange market amounted to USD 0.8 billion (the average turnover of transactions was USD 0.04 billion per day) and, compared to 2019 survey, decreased by more than 30%.
- As in 2019, mainly spot transactions were concluded (59.1%) during the survey, but their share was smaller this year.
Lithuania’s foreign exchange market turnover by transaction in April 2022
Source: Bank of Lithuania.
- Foreign exchange and OTC derivatives market participants in Lithuania completed most of their transactions with non-financial institutions (63%), although during the previous surveys, transactions with the banks participating in the surveys prevailed.
Lithuania’s foreign exchange market turnover by counterparty in April 2022
Source: Bank of Lithuania.
- The dominant currency pair in the Lithuanian foreign exchange market trading remained unchanged: most transactions (78%) were concluded in euro and US dollar.
Lithuania’s foreign exchange market turnover by currency pair in April 2022
Source: Bank of Lithuania.
Preliminary results of the survey are available on the BIS website.
Data tables of the survey (17.9 KB download icon).