As you might expect, the foreign exchange daily trading volume in in New York City is roughly twice as large as the daily trading volume in London.

Question

Quizplus · Accepted Answer

This statement is actually false. According to the Bank for International Settlements' 2019 Triennial Central Bank Survey, London is still the largest foreign exchange trading center in the world, accounting for 43.1% of daily trading volume. New York City is the second largest trading center, accounting for 16.6% of daily trading volume. So, the daily trading volume in London is actually more than twice as large as the volume in New York City.

As You Might Expect, the Foreign Exchange Daily Trading Volume