FMDQ Reports FX Trading Slips 51.29% in Nov. 6 Week-Ended
Please see commentary below on the Foreign Exchange (FX) market with data for the week-ended November 6, 2026. Table 1 compares weekly turnover for trades between banks (FMDQ Dealing Member (Banks)/Authorised Dealers) and their clients for the weeks-ended October 30 and November 6, 2026.
- In the FX Spot and Derivatives markets, the total turnover for the week-ended November 6, 2026, was $1,808.35 million, representing a decrease of 51.29% ($1,904.18 million) from the $3,712.53 million reported for the week-ended October 30, 2026. The week-on-week (WoW) decrease in total turnover was jointly driven by the 50.19% ($1,852.55 million) decrease in FX Spot transactions, which recorded a total value of $1,786.15 million compared to $3,638.70 million in the week-ended October 30, 2026, and the 69.93% ($51.63 million) decrease in FX Derivatives transactions (comprising FX Forward) for the week-ended November 6, 2026. (See Table 1)
Table 1: Weekly FX Turnover Analysis
| Week-ended November 6, 2026 | Week-ended October 30, 2026 | WoW % Change | WoW Change ($'mm) | |||||
|---|---|---|---|---|---|---|---|---|
| Weekly | Daily Average | % Share | Weekly | Daily Average | % Share | |||
| ($'million) | ($'million) | |||||||
| FX Spot | 1,786.15 | 357.23 | 98.77 | 3,638.70 | 727.74 | 98.01 | (50.91) | (1,852.55) |
| FX Derivatives* | 22.20 | 4.44 | 1.23 | 73.83 | 14.77 | 1.99 | (69.93) | (51.63) |
| Total | 1,808.35 | 361.67 | 100.00 | 3,712.53 | 742.51 | 100.00 | (51.29) | (1,904.18) |
*Data represents FX Forwards turnover