In line with this, average daily transactions of overnight index swap (OIS) derivatives using the IndONIA rate increased from Rp20.4 billion in 2021 to Rp56.3 billion in 2022 (as of November 2022) - (Graph 22). Graph 21. Daily Average Repo Volume  Graph 22.
Daily Average OIS Volume USD million  USD trillion  180  10  150  8  7.2  6  90  4.4  4  56.3  60  2 0  120  30 1 2  3 4 5  6 7  8  9 10 11 12 1 2  2021 Daily Average Volume  3 4 5  6 7  8  9 10 11  -0  20.4  1 2  3 4 5  Daily Average Volume 2021  8  9 10 11 12 1 2  3 4 5  6 7  8  9 10 11  2022  Daily Average Volume OIS  Daily Average Volume 2021  Daily Average Volume 2022 (up to 15 Nov 2022)  Daily Average Volume 2022 (up to 15 Nov 2022)  Source: Bank Indonesia  6 7  2021  2022  Source: Bank Indonesia  41  Bank Indonesia also continues to develop the foreign exchange market with a focus on developing Domestic Non-Deliverable Forward (DNDF) transactions as well as expanding and strengthening the Local Currency Settlement (LCS) framework.