Please see commentary below on the Foreign Exchange (FX) market with data for the week-ended October 2, 2026. Table 1 compares weekly turnover for trades between banks (FMDQ Dealing Member (Banks)/Authorised Dealers) and their clients for the weeks-ended September 25 and October 2, 2026. 

• In the FX Spot and Derivatives markets, the total turnover for the week-ended October 2, 2026, was $1,696.97 million, representing a decrease of 35.41% ($930.18 million) from the $2,627.15 million reported for the week-ended September 25, 2026. The week-on-week (WoW) decrease in total turnover was solely driven by the 36.93% ($955.70 million) decrease in FX Spot transactions, despite the 65.09% (25.52 million) increase in FX Derivatives transactions (comprising FX Forward) for the week-ended October 2, 2026. (See Table 1)

Table 1: Weekly FX Turnover Analysis

*Data represents FX Forwards turnover