Foreign exchange swaps were larger in 1998 than in 2001. The Bank for International Settlements attributes this to

Name: Foreign exchange swaps were larger in 1998 than in 2001. The Bank for International Settlements attributes this to
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The Bank for International Settlements attributes the decrease in foreign exchange swaps from 1998 to 2001 to multiple factors, including the introduction of the euro, growing electronic brokering in the spot interbank market, and consolidation in general.

Foreign Exchange Swaps Were Larger in 1998 Than in 2001