Gross Notional Outstanding - FX (Millions of USD) - 04/11/2025

FX by Product & Cleared Status

ProductClearedUnclearedTotal
Swaps & Forwards77,85438,726,18038,804,035
NDF2,151,5385,462,3987,613,936
Options612,98810,392,55611,005,544
OTHER*130,62015,904,35416,034,975
TOTAL2,973,00070,485,48973,458,490
    
* Includes cross-currency and exotics.

FX by Major Currency Pair, Region & Product

Currency Pair1Swaps & ForwardsNDF7OptionsOther8Total
USD/35,537,1487,569,07710,003,08615,407,49468,516,804
EUROPE14,969,276196,8224,098,9258,639,86427,904,887
EUR7,908,293103,3663,297,9845,117,69216,427,335
GBP3,495,49537,938452,0222,673,5426,658,997
CHF1,635,87727,643289,246496,6102,449,376
OTHER21,929,61127,87659,673352,0202,369,179
AMERICAS/CARIBBEAN3,121,8261,759,8201,244,9461,659,4967,786,088
CAD2,191,59923,525746,4471,228,7804,190,351
BRL619997,400285,62223,7231,307,363
OTHER3929,609738,896212,876406,9932,288,374
ASIA/PACIFIC16,392,2405,557,0884,440,6245,007,81131,397,763
JPY6,285,84664,1391,826,0903,117,68611,293,760
CNY3,261,804307,258645,302274,5384,488,903
KRW193,8861,202,25689,43489,7351,575,311
HKD2,349,25329,493816,440170,6973,365,883
AUD1,958,22526,761384,481940,8283,310,294
OTHER42,343,2263,927,182678,876414,3277,363,611
OTHER51,053,80655,346218,591100,3231,428,066
EUR/non-USD2,417,67128,822713,573398,1533,558,218
OTHER6849,21616,037288,886229,3281,383,467
TOTAL38,804,0357,613,93611,005,54416,034,97573,458,490
      
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. 
8 Includes cross-currency and exotics. 

FX by Product & Tenor (Calendar Days)

Product0-3031-9091-180181-360360+Total
Swaps & Forwards8,875,52011,977,9168,712,1744,897,8434,340,58138,804,035
NDF1,176,7572,853,5701,543,8541,215,789823,9667,613,936
Options806,7622,193,5561,849,0702,831,3633,324,79311,005,544
OTHER*4,887155,230849,240579,51014,446,10816,034,975
TOTAL10,863,92517,180,27212,954,3399,524,50622,935,44873,458,490
       
* Includes cross-currency and exotics.

FX by Product, Participant Type & Cleared Status

 Swap Dealers/MSPsOthers
ProductClearedUnclearedClearedUncleared
Swaps & Forwards155,19955,346,85750922,105,503
NDF4,127,1877,972,605175,8882,952,192
Options1,225,97615,831,86004,953,253
OTHER*168,73727,301,36592,5044,507,344
TOTAL5,677,100106,452,687268,90134,518,292
     
* Includes cross-currency and exotics.
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 [email protected].