Gross Notional Outstanding - FX (Millions of USD)

FX by Product & Cleared Status

Product Cleared Uncleared Total
Swaps & Forwards 29,348 27,878,551 27,907,899
NDF 1,045,159 3,487,070 4,532,229
Options 2,221 5,348,652 5,350,872
Exotics 121 514,091 514,211
Cross Currency 45,811 10,905,230 10,951,041
TOTAL 1,122,659 48,133,593 49,256,252

FX by Major Currency Pair, Region & Product

Currency Pair1 Swaps & Forwards NDF7 Options Exotics Cross Currency Total
USD/ 25,325,508 4,473,798 4,583,196 446,356 10,481,977 45,310,835
EUROPE 11,265,044 109,606 1,535,046 162,542 5,071,406 18,143,644
EUR 6,215,470 63,735 1,045,876 126,837 2,945,207 10,397,126
GBP 2,929,476 24,694 316,999 32,351 1,593,557 4,897,078
CHF 949,999 12,676 148,304 1,983 250,099 1,363,062
OTHER2 1,170,098 8,501 23,867 1,371 282,542 1,486,378
AMERICAS/CARIBBEAN 1,946,645 898,631 599,869 62,349 1,160,696 4,668,189
CAD 1,335,043 5,724 202,086 15,509 783,764 2,342,126
BRL 170 433,804 186,656 7,478 8,355 636,463
OTHER3 611,432 459,103 211,127 39,361 368,577 1,689,600
ASIA/PACIFIC 11,349,317 3,436,539 2,138,724 205,831 3,969,753 21,100,163
JPY 6,095,196 36,981 990,966 126,659 2,118,576 9,368,378
CNY 1,134,421 190,518 391,829 31,007 84,370 1,832,144
KRW 119,214 1,209,014 152,035 5,779 74,363 1,560,405
HKD 778,280 6,578 139,602 2,413 103,889 1,030,762
AUD 1,724,202 16,576 178,269 23,189 1,130,218 3,072,453
OTHER4 1,498,004 1,976,872 286,023 16,784 458,336 4,236,020
OTHER5 764,502 29,023 309,557 15,634 280,123 1,398,839
EUR/non-USD 2,012,840 28,972 466,419 46,358 325,138 2,879,726
OTHER6 569,551 29,459 301,257 21,498 143,926 1,065,690
TOTAL 27,907,899 4,532,229 5,350,872 514,211 10,951,041 49,256,252
1 Currency pairs having USD on one side are grouped into 4 geographic regions, namely Europe, Americas/Caribbean, Asia/Pacific, and Other.
2 Other major currencies in EUROPE region include SEK, NOK, DKK, PLN, and CZK.
3 Other major currencies in Americas/Caribbean region include MXN, CLP, COP, PEN, and ARS.
4 Other major currencies in Asia/Pacific include INR, TWD, SGD, NZD, and RUB.
5 Regions within the Other category include the Middle East and Africa.
6 Category includes currency pairs without USD or EUR leg. 
7 Top currency pairs for NDF not included above are USD versus INR, TWD, and IDR. 

FX by Product & Tenor (Calendar Days)

Product 0-30 31-90 91-180 181-360 360+ Total
Swaps & Forwards 4,815,463 8,768,556 7,557,073 3,531,036 3,235,771 27,907,899
NDF 765,565 1,576,542 832,756 508,873 848,494 4,532,229
Options 382,766 726,926 706,928 1,213,339 2,320,913 5,350,872
Exotics 14,608 48,650 55,063 113,856 282,034 514,211
Cross Currency 1,476 7,238 621,335 371,808 9,949,184 10,951,041
TOTAL 5,979,878 11,127,911 9,773,156 5,738,911 16,636,396 49,256,252

FX by Product, Participant Type & Cleared Status

  Swap Dealers/MSPs Others
Product Cleared Uncleared Cleared Uncleared
Swaps & Forwards 19,647 38,692,828 39,049 17,064,273
NDF 1,915,622 4,782,565 174,695 2,191,575
Options 3,732 8,269,086 710 2,428,218
Exotics 130 624,255 111 403,926
Cross Currency 55,509 18,334,263 36,112 3,476,198
TOTAL 1,994,640 70,702,997 250,677 25,564,190
These tables show a weekly snapshot of gross notional amount outstanding. Individual tables break this down by product type, cleared status, tenor or currency. All numbers in the tables represent millions of USD. All tables include all participant types, tenors and currencies. For cleared swaps, these tables reflect only the legs held by the non-CCP counterparty; using this restriction, the numbers on this table are analogous to the notional value represented by futures open interest.
The Commission requests feedback on the format and content of this CFTC Swaps Report table. Submit comments to swapsreport@cftc.gov.