FMDQ Group Reports 30.23% Drop in FX Market Turnover

For the week ending 18 September 2026, the foreign exchange market reported a substantial contraction in trading activity, with total turnover decreasing by 30.23% to $2,366.30 million, according to data from FMDQ Group Plc. This marked a decline of $1,025.34 million from the previous week's turnover of $3,391.64 million.

Ms Tumi Sekoni, Group Chief Operating Officer of FMDQ Group Plc, indicated that the drop was influenced by a 21.06% decrease in FX Spot transactions and a dramatic 93.74% decline in FX Derivatives transactions. The derivatives segment saw turnover fall from $427.99 million to $26.78 million, while spot market turnover decreased to $2,339.52 million from $2,963.65 million.

Despite the overall downturn, spot transactions accounted for 98.87% of total turnover, with derivatives making up the remaining 1.13%. The average daily turnover in the foreign exchange market also fell to $473.26 million, down from $678.33 million in the prior week.