{"id":9593,"date":"2026-08-17T11:33:21","date_gmt":"2026-08-17T11:33:21","guid":{"rendered":"https:\/\/ograsset.com\/?p=9593"},"modified":"2026-08-17T11:33:22","modified_gmt":"2026-08-17T11:33:22","slug":"fx-turnover-declines-44-9-to-2bn","status":"publish","type":"post","link":"https:\/\/ograsset.com\/index.php\/2026\/08\/17\/fx-turnover-declines-44-9-to-2bn\/","title":{"rendered":"FX turnover declines 44.9% to $2bn"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

F<\/strong>X turnover declines 44.9% to $2bn<\/strong><\/p>\n\n\n\n

Total turnover in the foreign exchange market reported by FMDQ Securities Exchange experienced a sharp decline for the week ended Friday, 14 August 2026, falling 44.90 per cent to<\/p>\n\n\n\n

$2,054.89m compared to $3,729.44m recorded in the week ended 7 August 2026.<\/p>\n\n\n\n

This  contraction  represents  a  week-on-week  loss  of  $1,674.55m  across  the  FX  Spot  and<\/p>\n\n\n\n

Derivatives markets. The downturn comes amid ongoing fluctuations in local liquidity demand,<\/p>\n\n\n\n

where interbank authorised dealers and their corporate clients regularly adjust foreign currency exposures based on immediate trade obligations and broader economic indicators.<\/p>\n\n\n\n

The overall contraction in market activity was primarily driven by a significant reduction in FX Spot transactions, which serve as the primary window for immediate foreign currency settlement. Spot trading turnover contracted 46.98 per cent, dropping from $3,704.44m to $1,964.00m.<\/p>\n\n\n\n

Consequently, the daily average for FX Spot transactions slipped from $740.89m to $443.22m, reducing its share of total market activity from 99.33 per cent to 95.58 per cent.<\/p>\n\n\n\n

In contrast to the spot segment, the FX Derivatives market experienced substantial growth, reflecting a shift by market participants toward risk management and hedging strategies.<\/p>\n\n\n\n

Derivatives turnover surged 263.56 per cent, rising from $25.00m in the prior week to $90.89m for the week ended 14 August 2026. This expansion was entirely driven by the FX Forwards market, which also grew 263.56 per cent ($65.89m), lifting the daily average for derivatives from<\/p>\n\n\n\n

$5.00m to $18.18m and increasing its market share from 0.67 per cent to 4.42 per cent.<\/p>\n\n\n\n

Overall, the total daily average turnover across both market segments fell from $745.89m to<\/p>\n\n\n\n

$461.40m over the reporting period.<\/p>\n\n\n\n

Despite the notable rally in forward contracts as institutions sought to lock in future exchange rates, it was insufficient to offset the heavy drop in spot trading, leading to a net decline in overall financial market activity.<\/p>\n\n\n\n

Source: https:\/\/punchng.com\/fx-turnover-declines-44-9-to-2bn\/<\/a><\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

FX turnover declines 44.9% to $2bn Total turnover in the foreign exchange market reported by FMDQ Securities Exchange experienced a sharp decline for the week ended Friday, 14 August 2026, falling 44.90 per cent to $2,054.89m compared to $3,729.44m recorded in the week ended 7 August 2026. This  contraction  represents  a  week-on-week  loss  of  $1,674.55m… <\/p>\n

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