FX Trading Hits $3.05bn Mark on FMDQ Exchange Last Week
Kindly see commentary below on the Foreign Exchange (FX) market with data for the week-ended July 3, 2026. Table 1 compares weekly turnover for trades between banks (FMDQ Dealing Member (Banks)/Authorised Dealers) and their clients for the weeks-ended June 26 and July 3, 2026.
- In the FX Spot and Derivatives markets, the total turnover for the week-ended July 3, 2026, was $3,053.01 million, representing an increase of 7.67% ($217.57 million) from the $2,835.44 million reported for the week-ended June 26, 2026. The week-on-week
(WoW) increase in total turnover was jointly driven by the 6.79% ($188.16 million) increase in FX Spot transactions, which recorded a total value of $2,959.56 million compared to $2,771.40million in the week-ended June 26, 2026, and the 45.92% ($29.41 million) increase in FX Derivatives transactions for the week-ended July 3, 2026. (See Table 1) - The WoW increase in FX Derivatives turnover was driven by the 45.92% ($29.41 million) increase in FX Forwards turnover
| Week-ended July 3, 2026 | Week-ended June 26, 2026 | WoW % Change | WoW Change ($'mm) | |||||
|---|---|---|---|---|---|---|---|---|
| Weekly | Daily Average | % Share | Weekly | Daily Average | % Share | |||
| ($'million) | ($'million) | |||||||
| FX Spot | 2,959.56 | 591.91 | 96.94 | 2,771.40 | 554.28 | 97.74 | 6.79 | 188.16 |
| FX Forwards | 93.45 | 18.69 | 3.06 | 64.04 | 12.81 | 2.26 | 45.92 | 29.41 |
| Exchange-Traded FX Futures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | N/A | N/A |
| FX Derivatives | 93.45 | 18.69 | 3.06 | 64.04 | 12.81 | 2.26 | 45.92 | 29.41 |
| Total | 3,053.01 | 610.60 | 100.00 | 2,835.44 | 567.09 | 100.00 | 7.67 | 217.57 |