Please see commentary below on the Foreign Exchange (FX) market with data for the week-ended October 16, 2026. Table 1 compares weekly turnover for trades between banks (FMDQ Dealing Member (Banks)/Authorised Dealers) and their clients for the weeks-ended October 9 and 16, 2026.  

• In the FX Spot and Derivatives markets, the total turnover for the week-ended October 16, 2026, was $2,620.70 million, representing a decrease of 22.23% ($749.15 million) from the $3,369.85million reported for the week-ended October 9, 2026. The week-on-week (WoW) decrease in total turnover was jointly driven by the 19.83% ($642.09 million) decrease in FX Spot transactions, which recorded a total value of $2,595.81 million compared to $3,237.90 million in the week-ended October 9, 2026, and the 81.14% (107.06 million) decrease in FX Derivatives transactions (comprising FX Forward) for the week-ended October 16, 2026. (See Table 1)

Table 1: Weekly FX Turnover Analysis

*Data represents FX Forwards turnover