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What is the role of the Bank of International Settlements (BIS) in Forex Trading?

Forex is a melting pot of financial activities. There are central banks, global banks, government, hedge funds, traders, and the BIS.

The BIS is the bank of central banks, the bankers' bank expressly created to meet the financial needs of 56 member central banks. Besides providing gold and facilitating FX transactions, they also hold central bank reserves.

Their mandate extends beyond banking too. For instance, the BIS serves as a fund manager and bank for international financial institutions.

The BIS influences the FX market as they actively publish three vital statistics:

  • The USD exchange rate for over 180 economies

  • They determine the effective exchange rate through an index that covers 60 economies

  • Regularly surveys the turnover of the FX instruments from spot and OTC markets.


Keen to learn the forex market? Check out our other explainer articles in our Learn Forex blog. 


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