MOEX November 2015 FX Volumes Show Staunch Decline MoM

During November 2015, the total FX market turnover at MOEX sunk to RUB 23.7 trillion, down -22.8% MoM from RUB

The Moscow Exchange (MOEX) has reported its trading volumes for the month ending November 2015, which were underpinned by a staunch decline in its foreign exchange (FX) market turnover, according to a MOEX statement.

During November 2015, the total FX market turnover at MOEX sunk to RUB 23.7 trillion, down -22.8% MoM from RUB 30.7 trillion in October 2015 – this includes spot trades of RUB 8.6 trillion and swap trades coming in at RUB 15.1 trillion in November 2015. Across a yearly timetable however, the exchange notched a strong ascension in its volumes, with November 2015 rising 26.7% YoY from RUB 18.7 trillion in November 2014.

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In addition, MOEX’s FX market’s average daily turnover in November 2015 was $18.2 billion (RUB 1,186.2 billion), which was unchanged MoM from $18.2 billion (RUB 1,186.2 billion) in October 2015. Compared with last year, November 2015’s FX market turnover surged 23.8% YoY from RUB $14.7 billion (RUB 986.6 billion) in November 2014.

Derivatives market volumes also retreated across the board in November 2015, orchestrating a figure of RUB 9.3 trillion for the month – this was reflective of a fall of -7.9% MoM from RUB 10.1 trillion in October 2015. Despite the lackluster monthly performance though, November 2015’s turnover is still substantially higher than the same period in 2014, having registered a climb of 21.7% YoY from just RUB 7.7 trillion in November 2014.

MOEX-Total-Monthly-FX-Turnover-(In-Trillion-RUB)

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