FMDQ FX Market Analysis Shows 43.02% Rise in Turnover To $3.71 Billion

FMDQ has released its commentary on the Foreign Exchange (FX) market for the week-ended October 30, 2026, with Table showing weekly turnover for trades between banks (FMDQ Dealing Member (Banks)/Authorised Dealers) and their clients for the weeks-ended October 23 and October 30, 2026.

In the FX Spot and Derivatives markets, total turnover for the week-ended October 30, 2026, stood at $3,712.53 million, representing an increase of 43.02% ($1,116.80 million) from $2,595.73 million reported for the week-ended October 23, 2026.

The week-on-week (WoW) increase in total turnover was jointly driven by a 41.33% ($1,064.11 million) increase in FX Spot transactions, which recorded a total value of $3,638.70 million compared to $2,574.59 million in the week-ended October 23, 2026, and a 249.24% ($52.69 million) increase in FX Derivatives transactions (comprising FX Forwards) for the week-ended October 30, 2026.

Table: Weekly FX Turnover Analysis