The State Administration of Foreign Exchange publishes data on the settlement and sale of foreign exchange by banks and foreign-related payments received by banks on behalf of customers in August 2020

SMM News: statistics from the State Administration of Foreign Exchange show that in August 2020, banks settled foreign exchange of 1.1062 trillion yuan, sold foreign exchange of 1.1328 trillion yuan, and sold foreign exchange of 26.5 billion yuan. In dollar terms, banks settled foreign exchange of US $159.6 billion, sold foreign exchange of US $163.4 billion, and sold foreign exchange of US $3.8 billion.

From January to August 2020, banks settled 9.0155 trillion yuan of foreign exchange, sold 8.5067 trillion yuan of foreign exchange, and had a cumulative surplus of 508.8 billion yuan. In terms of US dollars, banks settled foreign exchange of 1.2852 trillion US dollars, sold foreign exchange of 1.213 trillion US dollars, and had a cumulative surplus of 72.2 billion US dollars.

In August 2020, the bank's foreign-related income for clients was 2.4739 trillion yuan, and foreign payments were 2.3855 trillion yuan, with a surplus of 88.4 billion yuan for foreign-related receipts and payments. From January to August 2020, the bank's foreign-related income totaled 18.7997 trillion yuan, foreign payments totaled 18.6296 trillion yuan, and the accumulated surplus in foreign-related receipts and payments totaled 170.1 billion yuan.

In terms of US dollars, in August 2020, the bank's foreign-related income for clients was 356.8 billion US dollars, foreign payments were 344.1 billion US dollars, and the balance of foreign-related receipts and payments was 12.7 billion US dollars. From January to August 2020, the bank's foreign-related income totaled US $2.6797 trillion and foreign payments totaled US $2.6555 trillion, with a cumulative surplus of US $24.2 billion in foreign-related receipts and payments.

According to the latest data obtained, the State Administration of Foreign Exchange revised the data on foreign-related receipts and payments from January to July 2020, which were published through the "Statistics" section of the official website of the State Administration of Foreign Exchange.

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