FX Trading Jumps Some 116% on FMDQ Exchange
FMDQ FX Market Analysis Report
Kindly see commentary below on the Foreign Exchange (FX) market with data for the week-ended August 7, 2026. Table 1 compares weekly turnover for trades between banks (FMDQ Dealing Member Banks/Authorised Dealers) and their clients for the weeks-ended July 31 and August 7, 2026.
- In the FX Spot and Derivatives markets, the total turnover for the week-ended August 7, 2026, was $3,729.44 million, representing an increase of 116.98% ($2,010.67 million) from the $1,718.77 million reported for the week-ended July 31, 2026. The week-on-week (WoW) increase in total turnover was jointly driven by the 117.32% ($1,999.84 million) increase in FX Spot transactions, which recorded a total value of $3,704.44 million compared to $1,704.60 million in the week-ended July 31, 2026, and the 76.43% ($10.83 million) increase in FX Derivatives transactions for the week-ended August 7, 2026.
- The WoW increase in FX Derivatives turnover was driven by the 76.43% ($10.83 million) increase in FX Forwards turnover.
Table 1: Weekly FX Turnover Analysis
| Instrument | Week-ended August 7, 2026 | Week-ended July 31, 2026 | WoW % Change | WoW Change ($'mm) | ||||
|---|---|---|---|---|---|---|---|---|
| Weekly ($'million) | Daily Average ($'million) | % Share | Weekly ($'million) | Daily Average ($'million) | % Share | |||
| FX Spot | 3,704.44 | 740.89 | 99.33 | 1,704.60 | 340.92 | 99.18 | 117.32 | 1,999.84 |
| FX Forwards | 25.00 | 5.00 | 0.67 | 14.17 | 2.83 | 0.82 | 76.43 | 10.83 |
| FX Derivatives | 25.00 | 5.00 | 0.67 | 14.17 | 2.83 | 0.82 | 76.43 | 10.83 |
| Total | 3,729.44 | 745.89 | 100.00 | 1,718.77 | 343.75 | 100.00 | 116.98 | 2,010.67 |