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MOEX’s Spot FX Tallies with Global Decline, Drops 10% MoM in April

MOEX’s Spot FX Tallies with Global Decline, Drops 10% MoM in April
Spot foreign exchange on the Moscow Exchange (MOEX), Russia’s largest exchange group, declined by 10% month-over-month (MoM) in April to RUB 7.6 trillion ($96 billion). This tallies with drops in spot FX volumes across major trading venues in other regions. However, compared year-over-year, the exchange’s spot FX trading grew 8.1%, with swaps and forwards volumes reaching RUB 14.3 trillion ($180.5 billion). Overall, MOEX’s FX market turnover slumped by 11% MoM to RUB 21.9 trillion ($276 billion)... Read More
Posted: May 3 2023, 19:39
Author Name: financemagnates
Views: 102449

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