Sissie, Lumesh,
I understand the basic flaws in my argument you cant properly equate FX turnover with GDP. However the two questions on the operating table are:
1. Are there more speculators in the FX market or more end users such as tourists that need to change money in order to carry out their daily business?
2. How do you prove this?
I am particularly interested in what your answers are to both questions, but 2. in particular.
I understand the basic flaws in my argument you cant properly equate FX turnover with GDP. However the two questions on the operating table are:
1. Are there more speculators in the FX market or more end users such as tourists that need to change money in order to carry out their daily business?
2. How do you prove this?
I am particularly interested in what your answers are to both questions, but 2. in particular.