MOEX FX Trading Volumes Rise to $385 Billion in December

Source: Finance Magnates 2020-01-11

Currency trading at Moscow Exchange (MOEX) recovered slightly in December but remained well below volumes of the year ago, as well as a 2019 peak seen in April, the company said on Friday.

December was a particularly volatile period for global financial markets as the dollar was hit by waning trade disputes while sterling shot higher on a burst of optimism about Brexit following the Conservatives’ win of a clear majority in the UK election.

MOEX’s total FX market turnover edged higher to RUB 23.5 trillion ($385 billion) last month, up five percent month-over-month from the RUB 22.3 trillion ($347 billion) exchanged hands in November 2019. Compared with volumes from the same month a year earlier, this figure was down by more than -11 percent when weighed against RUB 26.5 in December 2018.

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MOEX FX Trading Volumes Rise to $385 Billion in December

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