MOEX FX Volumes Rebound in December, Paring Recent Decline

In December 2015, the total FX market turnover at MOEX catapulted to RUB 30.9 trillion, up 30.4% MoM.

The Moscow Exchange (MOEX) has released its trading volumes for the month ending December 2015, which were characterized by a sizable rebound in its foreign exchange (FX) market turnover, according to a MOEX statement.

During December 2015, the total FX market turnover at MOEX catapulted to RUB 30.9 trillion, up 30.4% MoM from RUB 23.7 trillion in November 2015 – this includes spot trades of RUB 11.0 trillion and swap trades coming in at RUB 19.9 trillion in December 2015. Across a yearly timetable however, the exchange notched a strong growth in its volumes, with December 2015 rising 20.7% YoY from RUB 25.6 trillion in December 2014.

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Moreover, MOEX’s FX market’s average daily turnover in December 2015 was $20.2 billion (RUB 1,406.2 billion), which was swelled 18.5% MoM from $18.2 billion (RUB 1,186.2 billion) in November 2015. Compared with last year however, December 2015’s FX market turnover surged 20.8% YoY from RUB 1164.1 billion in December 2014.

Derivatives market volumes also retreated across the board in December 2015, orchestrating a figure of RUB 9.9 trillion for the month – this corresponded to a rise of 6.5% MoM from RUB 9.3 trillion in November 2015. December 2015’s turnover is also higher than the same period in 2014, having registered a climb of 16.5% YoY from just RUB 8.5 trillion in December 2014.

MOEX-Total-Monthly-FX-Turnover-2

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