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FX Turnover Drops 22.23% to $2.62bn On Weak Spot, Derivatives Activity

•By Odume Festus •Research Signal
FX Turnover Drops 22.23% to $2.62bn On Weak Spot, Derivatives Activity
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Total turnover in the FX Spot and Derivatives markets fell to $2,620.70 million for the week ended October 16, 2026, representing a decrease of 22.23 per cent or $749.15 million from the $3,369.85 million recorded in the week ended October 9, 2026.

According to data for the week, the week-on-week decline was jointly driven by drops in both Spot and Derivatives transactions.

FX Spot transactions decreased by 19.83 per cent or $642.09 million to $2,595.81 million, compared to $3,237.90 million in the previous week.

FX Derivatives transactions, comprising FX Forwards, also declined sharply by 81.14 per cent or $107.06 million for the week ended October 16, 2026.