The SAFE Releases March 2011 Data on Foreign Exchange Settlement and Sales by Banks on behalf of Clients and on Foreign-related Receipts and Payments by Banks on behalf of Clients_Data Interpretation

SAFE News

Index number:

000014453-2019-0206
Dispatch date:

2011-05-03
Publish organization:

State Administration of Foreign Exchange
Exchange Reference number：
Name：

The SAFE Releases March 2011 Data on Foreign Exchange Settlement and Sales by Banks on behalf of Clients and on Foreign-related Receipts and Payments by Banks on behalf of Clients

The SAFE Releases March 2011 Data on Foreign Exchange Settlement and Sales by Banks on behalf of Clients and on Foreign-related Receipts and Payments by Banks on behalf of Clients

According to statistical data released by the State Administration of Foreign Exchange (SAFE), in March 2011 the amount of foreign exchange settlement and sales by banks on behalf of clients amounted to USD135.4 billion and USD94.5 billion respectively. The surplus of foreign exchange settlement and sales by banks on behalf of clients amounted to USD40.9 billion. For the first three months of 2011, the cumulative amount of foreign exchange settlement and foreign exchange sales by banks on behalf of clients amounted to USD375.7 billion and USD241.5 billion respectively. The surplus of foreign exchange settlement and sales was USD134.2 billion.

During March 2011 foreign-related receipts and payments by domestic banks on behalf of clients amounted to USD188.4 billion and USD157.7 billion respectively, and the surplus of foreign-related receipts and payments reached USD30.7 billion. For the first three months of 2011, the cumulative foreign-related receipts and payments by banks on behalf of clients amounted to USD505 billion and USD429 billion respectively; and the surplus of the cumulative foreign-related receipts and payments reached USD76 billion.

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