FX Trading Slumps to $1.3bn in Week-Ended July 10
Kindly see commentary below on the Foreign Exchange (FX) market with data for the week-ended July 10, 2026. Table 1 compares weekly turnover for trades between banks (FMDQ Dealing Member (Banks)/Authorised Dealers) and their clients for the weeks-ended July 3 and 10, 2026.
- In the FX Spot and Derivatives markets, the total turnover for the week-ended July 10, 2026, was $1,631.12 million, representing a decrease of 46.57% ($1,421.89 million) from the $3,053.01 million reported for the week-ended July 3, 2026. The week-on-week
(WoW) decrease in total turnover was jointly driven by the 46.62% ($1,379.66 million) decrease in FX Spot transactions, which recorded a total value of $1,579.90 million compared to $2,959.56 million in the week-ended July 3, 2026, and the 45.19% ($42.23 million) decrease in FX Derivatives transactions for the week-ended July 10, 2026. (See Table 1) - The WoW decrease in FX Derivatives turnover was driven by the 45.19% ($42.23 million) decrease in FX Forwards turnover
Table 1: Weekly FX Turnover Analysis
| Week-ended July 10, 2026 | Week-ended July 3, 2026 | WoW % Change | WoW Change ($’mm) | |||||
|---|---|---|---|---|---|---|---|---|
| Weekly | Daily Average | % Share | Weekly | Daily Average | % Share | |||
| ($’million) | ($’million) | |||||||
| FX Spot | 1,579.90 | 315.98 | 96.86 | 2,959.56 | 591.91 | 96.94 | (46.62) | (1,379.66) |
| FX Forwards | 51.22 | 10.24 | 3.14 | 93.45 | 18.69 | 3.06 | (45.19) | (42.23) |
| Exchange-Traded FX Futures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | N/A | N/A |
| FX Derivatives | 51.22 | 10.24 | 3.14 | 93.45 | 18.69 | 3.06 | (45.19) | (42.23) |
| Total | 1,631.12 | 326.22 | 100.00 | 3,053.01 | 610.60 | 100.00 | (46.57) | (1,421.89) |