/biz/ - Business & Finance

>>22147624
>5.1trillion alone is transacted on the foreign exchange markets DAILY
and that was the 2016 volume, recent 2019 shows it's up to 6.6 trillion....

>https://www.financemagnates.com/institutional-forex/execution/bis-survey-daily-fx-volumes-jump-30-to-6-6-trillion-in-2019/

Assuming a 0.0025% intra-bank transacton cost to facilitate this daily volume, you are looking at ~$165,000,000 per day in fees alone burned, and that is a drastically low guess