Japan Interest Rate Swap: Yen: 10 Year data was reported at 0.250 % pa in Nov 2018. This records a decrease from the previous number of 0.316 % pa for Oct 2018. Japan Interest Rate Swap: Yen: 10 Year data is updated monthly, averaging 1.200 % pa from Nov 2000 (Median) to Nov 2018, with 217 observations. The data reached an all-time high of 2.169 % pa in Apr 2006 and a record low of -0.053 % pa in Jun 2016. Japan Interest Rate Swap: Yen: 10 Year data remains active status in CEIC and is reported by Sumitomo Mitsui Trust Bank. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

Japan Interest Rate Swap: Yen: 5 Year data was reported at 0.075 % pa in Nov 2018. This records a decrease from the previous number of 0.120 % pa for Oct 2018. Japan Interest Rate Swap: Yen: 5 Year data is updated monthly, averaging 0.500 % pa from Nov 2000 (Median) to Nov 2018, with 217 observations. The data reached an all-time high of 1.643 % pa in Jun 2007 and a record low of -0.159 % pa in Jun 2016. Japan Interest Rate Swap: Yen: 5 Year data remains active status in CEIC and is reported by Sumitomo Mitsui Trust Bank. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

Global interest rate (gross - gross), for interest rate swaps, total (all currencies), yen, total (all maturities), reporting dealers, All countries (total), All countries (total), total (all ratings), total (all sectors), total (all methods), herfindahl index

Japan Interest Rate Swap: Yen: 2 Year data was reported at 0.023 % pa in Nov 2018. This records a decrease from the previous number of 0.046 % pa for Oct 2018. Japan Interest Rate Swap: Yen: 2 Year data is updated monthly, averaging 0.216 % pa from Nov 2000 (Median) to Nov 2018, with 217 observations. The data reached an all-time high of 1.261 % pa in May 2008 and a record low of -0.175 % pa in Feb 2016. Japan Interest Rate Swap: Yen: 2 Year data remains active status in CEIC and is reported by Sumitomo Mitsui Trust Bank. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

Global interest rate (net - net), for interest rate swaps, total (all currencies), yen, total (all maturities), total (all counterparties), All countries (total), All countries (total), total (all ratings), total (all sectors), total (all methods), outstanding - gross market values

Japan Interest Rate Swap: Yen: 3 Year data was reported at 0.035 % pa in Nov 2018. This records a decrease from the previous number of 0.068 % pa for Oct 2018. Japan Interest Rate Swap: Yen: 3 Year data is updated monthly, averaging 0.305 % pa from Nov 2000 (Median) to Nov 2018, with 217 observations. The data reached an all-time high of 1.380 % pa in May 2008 and a record low of -0.195 % pa in Feb 2016. Japan Interest Rate Swap: Yen: 3 Year data remains active status in CEIC and is reported by Sumitomo Mitsui Trust Bank. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

RSBL is responsible for computing and managing the Tokyo Swap Rate (TSR), a benchmark series for Japanese yen (JPY) interest rate swaps (IRS). This benchmark is extensively utilized in the pricing of swaptions, CMS, structured loans and notes, FRNs, and private finance initiatives. The Tokyo Swap Rate benchmarks are released every business day in Japan at 10:30 and 15:30 Tokyo time.

Japan Interest Rate Swap: Yen: 4 Year data was reported at 0.053 % pa in Nov 2018. This records a decrease from the previous number of 0.091 % pa for Oct 2018. Japan Interest Rate Swap: Yen: 4 Year data is updated monthly, averaging 0.395 % pa from Nov 2000 (Median) to Nov 2018, with 217 observations. The data reached an all-time high of 1.515 % pa in Jun 2007 and a record low of -0.175 % pa in Feb 2016. Japan Interest Rate Swap: Yen: 4 Year data remains active status in CEIC and is reported by Sumitomo Mitsui Trust Bank. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

Japan Interest Rate Swap: Yen: 7 Year data was reported at 0.135 % pa in Nov 2018. This records a decrease from the previous number of 0.191 % pa for Oct 2018. Japan Interest Rate Swap: Yen: 7 Year data is updated monthly, averaging 0.785 % pa from Nov 2000 (Median) to Nov 2018, with 217 observations. The data reached an all-time high of 1.884 % pa in Apr 2006 and a record low of -0.120 % pa in Jun 2016. Japan Interest Rate Swap: Yen: 7 Year data remains active status in CEIC and is reported by Sumitomo Mitsui Trust Bank. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

Interbank Rate in Japan increased to 0.89 percent on Tuesday December 2 from 0.82 in the previous day. This dataset provides - Japan Three Month Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Global interest rate (net - net), for interest rate swaps, total (all currencies), yen, total (all maturities), reporting dealers, All countries (total), All countries (total), total (all ratings), total (all sectors), total (all methods), outstanding - notional amounts

Tokyo Interbank Offered Rate: Japanese Yen: 1 Year data was reported at 0.136 % pa in Nov 2018. This stayed constant from the previous number of 0.136 % pa for Oct 2018. Tokyo Interbank Offered Rate: Japanese Yen: 1 Year data is updated monthly, averaging 0.297 % pa from Sep 1998 (Median) to Nov 2018, with 243 observations. The data reached an all-time high of 0.998 % pa in Aug 2007 and a record low of 0.096 % pa in Oct 2001. Tokyo Interbank Offered Rate: Japanese Yen: 1 Year data remains active status in CEIC and is reported by JBA TIBOR Administration. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

Japan Interest Rate Swap: Yen: 1 Year data was reported at 0.010 % pa in Nov 2018. This records a decrease from the previous number of 0.028 % pa for Oct 2018. Japan Interest Rate Swap: Yen: 1 Year data is updated monthly, averaging 0.173 % pa from Nov 2000 (Median) to Nov 2018, with 217 observations. The data reached an all-time high of 1.103 % pa in May 2008 and a record low of -0.094 % pa in Feb 2016. Japan Interest Rate Swap: Yen: 1 Year data remains active status in CEIC and is reported by Sumitomo Mitsui Trust Bank. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

Japan Tokyo Interbank Offered Rate: Euro-yen: 1 Year data was reported at 0.169 % pa in Nov 2018. This records an increase from the previous number of 0.131 % pa for Oct 2018. Japan Tokyo Interbank Offered Rate: Euro-yen: 1 Year data is updated monthly, averaging 0.294 % pa from Sep 1998 (Median) to Nov 2018, with 243 observations. The data reached an all-time high of 0.995 % pa in Sep 2007 and a record low of 0.075 % pa in Sep 2017. Japan Tokyo Interbank Offered Rate: Euro-yen: 1 Year data remains active status in CEIC and is reported by JBA TIBOR Administration. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

In 2019 the average daily turnover of foreign exchange (forex) transactions and associated derivatives in the United Kingdom amounted to **** trillion dollars. This makes the UK the world’s largest forex market, not only in terms of transactions where one currency is exchanged for another, but also for various forex derivatives. In fact, the UK market is over *** times larger than the second-biggest forex market, the United States.

Forex markets

Simply put, foreign exchange markets are markets where one currency can be traded for another. The most basic type of transaction on forex markets is termed a spot transaction, which is where one currency is traded for another within *** days, without a signed contract. The *** most common currencies exchanged on forex markets in this way are the euro and the U.S. dollar, which account for over a quarter of all forex transactions globally. In turn, the British pound has the fourth highest average daily turnover of currencies traded on global forex markets, behind the U.S. dollar, euro and yen.

Foreign Exchange Derivatives

In addition to the exchange of currencies, various ‘derivatives’ based on the exchange of foreign currencies can be bought and sold on forex markets. Some of the most common financial derivatives are:

forwards, which are an agreement for the purchase and sale of currency at a fixed price at a point in the future (generally after ** days); swaps, which are the simultaneous lending and borrowing of *** different currencies between *** investors (i.e. one investor borrows an amount in one currency, then repays in a different currency); and options, which are an agreement to exchange one currency for another at an agreed rate at some time on the future, but with no obligation to carry out the transaction (as is the case with forwards).

Derivatives generally comprise the bulk of transaction on the forex market. For example, spot transactions make up just under a third of all transactions in the United Kingdom, while their portion is only about one sixth of daily trade on the German forex market, and around one eighth of trade on the forex market in Italy.

Tokyo Interbank Offered Rate: Japanese Yen: 6 Months data was reported at 0.126 % pa in Nov 2018. This stayed constant from the previous number of 0.126 % pa for Oct 2018. Tokyo Interbank Offered Rate: Japanese Yen: 6 Months data is updated monthly, averaging 0.271 % pa from Sep 1998 (Median) to Nov 2018, with 243 observations. The data reached an all-time high of 0.917 % pa in Oct 2008 and a record low of 0.089 % pa in Aug 2001. Tokyo Interbank Offered Rate: Japanese Yen: 6 Months data remains active status in CEIC and is reported by JBA TIBOR Administration. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

Japan Tokyo Interbank Offered Rate: Euro-yen: 3 Months data was reported at 0.050 % pa in Oct 2018. This stayed constant from the previous number of 0.050 % pa for Sep 2018. Japan Tokyo Interbank Offered Rate: Euro-yen: 3 Months data is updated monthly, averaging 0.189 % pa from Sep 1998 (Median) to Oct 2018, with 242 observations. The data reached an all-time high of 0.884 % pa in Oct 2008 and a record low of 0.050 % pa in Oct 2018. Japan Tokyo Interbank Offered Rate: Euro-yen: 3 Months data remains active status in CEIC and is reported by JBA TIBOR Administration. The data is categorized under Global Database’s Japan – Table JP.M015: Interbank and Swap Rates.

Japan All Banks: OI: II: Interest Swaps data was reported at 33.431 JPY bn in Mar 2017. This records a decrease from the previous number of 59.895 JPY bn for Mar 2016. Japan All Banks: OI: II: Interest Swaps data is updated semiannually, averaging 141.515 JPY bn from Mar 1997 (Median) to Mar 2017, with 21 observations. The data reached an all-time high of 8,198.603 JPY bn in Mar 1997 and a record low of 28.931 JPY bn in Mar 2008. Japan All Banks: OI: II: Interest Swaps data remains active status in CEIC and is reported by Japanese Bankers Association. The data is categorized under Global Database’s Japan – Table JP.KB012: Income Statement: All Banks.

Global interest rate (net - net), for overnight indexed swaps, yen, total (all currencies), total (all maturities), total (all counterparties), All countries (total), All countries (total), total (all ratings), total (all sectors), total (all methods), turnover - notional amounts (daily average)

Japan RB: OI: II: Interest Swaps data was reported at 3.878 JPY bn in Mar 2018. This records an increase from the previous number of 3.756 JPY bn for Mar 2017. Japan RB: OI: II: Interest Swaps data is updated semiannually, averaging 3.431 JPY bn from Mar 1997 (Median) to Mar 2018, with 22 observations. The data reached an all-time high of 88.674 JPY bn in Mar 1997 and a record low of 1.347 JPY bn in Mar 2006. Japan RB: OI: II: Interest Swaps data remains active status in CEIC and is reported by Japanese Bankers Association. The data is categorized under Global Database’s Japan – Table JP.KB052: Income Statement: Regional Banks.