FX Volumes Slightly Higher, as Overall Activity Drops at the Moscow Exchange in November

The Moscow Exchange (MOEX) has posted its November volume figures. During the month, total turnover increased 2.8% YoY to RUB 33,736 billion, but fell 16.6% from October’s activity. The decline was mainly attributed to a drop in the MOEX’s money products division.

In FX, average daily volumes were RUB 617 billion, a 2.7% increase from October. Overall volumes were RUB 12,339 billion, of which RUB 4,635 billion was spot and RUB 7,704 billion was swap trades. During the month, the MOEX reported daily record volume records in its CNY products, as trading totaled RUB 1.3 billion on November 19th. In overall trading, spot and swap FX volumes are dominated by the USDRUB contract which accounted for 81.7% of all activity.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets