Moscow Exchange’s Forex Market Grows 20.4% in August

The forex market trading volume of the Moscow Exchange (MOEX), Russias largest exchange group, surged 20.4% to RUB 20.9 trillion in August.

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In July, the total trading volume in the market slipped away from recovery, dropping 3% to RUB 17.3 trillion.

Earlier in June, forex demands on MOEX had recovered to RUB 17.8 trillion from the RUB 16.1 trillion generated in trading volumes in May.

The trading volume figures for August 2022 published by MOEX on Friday disclosed that forex spot trading volume shot up 1.9% to RUB 8.4 trillion.

Furthermore, swap trades and forwards volume reached RUB 12.5 trillion, which is a 37.2% increase.

Across Board

On the whole, total trading volumes across all markets on MOEX climbed by 7.3% to RUB 81.2 trillion in August 2022. In July, the overall markets had generated RUB 75.7 trillion in trading volumes.

“Top risers in trading volumes were the bond market (up 35.9%), precious metals market (up 21.3%), FX market (up 20.4%), equity & bond market (up 15.5%) and money market (up 5.5%),” Moscow Exchange wrote in its financial report.

Performance in Equity & Bond Market

According to MOEX, total trading volume on the equity and bond market in August surged by a quarter (25.4%) to reach RUB 1,872.1 billion as against RUB 1,492.7 billion in July.

The exchange noted that 57 new bonds were issued in August, and they generated a combined value of RUB 1,183.9 billion, with overnight bonds accounting for RUB 700.1 billion of this figure.

Last month, the Moscow Exchange recorded 44 new bond issues with a combined value of RUB 506.3 billion.

Furthermore, MOEX disclosed that the trading volume in shares, depositary receipts and investment fund rose by 15.5% to RUB 887 billion from Julys RUB 767.7 billion.

Farther in June, the figure in this regard came in at RUB 909.3 billion.

Additionally, the average daily trading volume (ADTV) in this category reached RUB 38.6 billion, which is a 5.5% increase from Julys RUB 34.5 billion.

“Turnover in corporate, regional and sovereign bonds grew by 35.9% to RUB 985.1 billion (July 2022: RUB 725.0 billion). ADTV was RUB 42.8 billion (July 2022: RUB 34.5 billion),” MOEX explained.