Decreases in turnover in spot and outright forwards were partially offset by increases in FX swaps and FX options. Spot turnover decreased six percent while outright forwards decreased four percent. FX swaps increased 15 percent and FX options increased four percent. Turnover in currency swaps increased 40 percent from the 2013 survey but this may have been at least partially attributable to increased participation rates by respondents in this category. Currency swaps make up less than one percent of total foreign exchange turnover.