What the 2025 BIS Report Reveals About Foreign Exchange Market Trends for 2026

Key Insights from the 2025 BIS FX Market Survey

As of April 2025, the foreign exchange landscape is evolving, highlighted by the introduction of platforms such as CME Group’s FX Tape+, which are driving the industry toward greater market clarity and unified data access.

The Bank for International Settlements (BIS) has released updated findings from its 2025 Triennial Central Bank Survey, offering a comprehensive look at global FX market activity. Conducted every three years, this survey delivers essential perspectives on the current state and emerging trends within the world’s currency markets.

What implications do these findings hold for the future of FX? Here are five important considerations:

• The BIS survey reflects market conditions as of April 2025, providing a snapshot of recent developments.