FMDQ FX market turnover increases by 22% to $2.84bn WoW

FMDQ Exchange has revealed that the Foreign Exchange (FX) market recorded a total turnover of $2.84 billion in the week ended June 26, 2026, as trading activity strengthened across both spot and derivatives segments.

According to the FMDQ report, a total turnover of $2.84 billion represented an increase of $512.37 million, or 22.06per cent, compared with the $2.32 billion recorded in the previous week ended June 19, 2026.

The improvement in market activity was driven by higher volumes in both the FX Spot and FX Derivatives markets.

The market recorded an average daily turnover of $567.09 million during the review week, up from $464.62 million in the preceding week.

A breakdown of market activity shows that the FX Spot market remained the dominant segment, accounting for almost all transactions executed during the week.

FX Spot transactions rose to $2.77 billion, representing 97.74% of total turnover, compared with $2.29 billion recorded in the previous week. 

The segment recorded a week-on-week increase of $484.47 million, representing a growth of 21.18 per cent. Average daily turnover in the FX Spot market increased to $554.28 million from $457.39 million in the previous week.

FX Derivatives transactions climbed sharply to $64.04 million from $36.14 million recorded in the preceding week. The derivatives market accounted for 2.26 per cent of total turnover during the review period, up from 1.56per cent in the previous week. .

Overall, FX Derivatives turnover increased by 77.20per cent, equivalent to an additional $27.90 million in traded value. Within the derivatives segment, FX Forwards remained the only actively traded instrument.