MOEX FX Volumes Plunge During April, down -19.1% MoM Following Strong March
- The Moscow Exchange (MOEX) has announced its trading volumes for the month of April, highlighted by a massive downturn in forex volume on the heels of a stout March, according to a MOEX statement.
The Moscow Exchange (MOEX) has announced its trading volumes for the month of April, highlighted by a massive downturn in Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term volume on the heels of a stout March, according to a MOEX statement.
FX Turnover Volume in Retreat
During the month of April, overall turnover totaled $1.17 billion (RUB 41.7 billion), compared with $1.19 billion (RUB 42.4 billion) in April 2013, or -1.7% YoY. However, in terms of forex market turnover, April yielded $521 billion (RUB 18.6 trillion), a staunch decline from $644 billion (RUB 23.0 trillion) in March, corresponding to a -19.1% drop MoM. Despite this waning however, market turnover for forex still has boasted a 22.4% rise YoY from April 2013.
Indeed, 2014 has been a mixed bag for the MOEX thus far, given the spikes in Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term surrounding the diplomatic breakdown between the Ukraine and Russia – this in turn led to a surge in forex volume during the first quarter of the year. MOEX has also been in the news recently for an apparent halting on its exchange this past April, as technical errors were seen as the culprit.
The Moscow Exchange (MOEX) has announced its trading volumes for the month of April, highlighted by a massive downturn in Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term volume on the heels of a stout March, according to a MOEX statement.
FX Turnover Volume in Retreat
During the month of April, overall turnover totaled $1.17 billion (RUB 41.7 billion), compared with $1.19 billion (RUB 42.4 billion) in April 2013, or -1.7% YoY. However, in terms of forex market turnover, April yielded $521 billion (RUB 18.6 trillion), a staunch decline from $644 billion (RUB 23.0 trillion) in March, corresponding to a -19.1% drop MoM. Despite this waning however, market turnover for forex still has boasted a 22.4% rise YoY from April 2013.
Indeed, 2014 has been a mixed bag for the MOEX thus far, given the spikes in Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term surrounding the diplomatic breakdown between the Ukraine and Russia – this in turn led to a surge in forex volume during the first quarter of the year. MOEX has also been in the news recently for an apparent halting on its exchange this past April, as technical errors were seen as the culprit.