MOEX’s 2022 Foreign exchange Demand Falls by 17%

by Jeremy

Moscow Change (MOEX) printed its buying and selling metrics for 2022, reporting its foreign exchange market buying and selling quantity of RUB 267.8 trillion, which is visibly decrease than the RUB 322 trillion reported for the earlier yr.

In keeping with the press launch from Thursday, the common each day buying and selling quantity (ADV) got here in at RUB 1,058.6 billion, lowering nearly 17% from RUB 1,262.9 billion reported for all the yr of 2021.

Swap and ahead trades fell probably the most, dropping 34% and shutting the yr at RUB 167.5 trillion. Nevertheless, MOEX noticed a rise in spot buying and selling volumes, which rose 5.5% to RUB 100.4 trillion.

As compared, information from the US CME Group confirmed common each day quantity progress of 19% reaching a document 23.3 million contracts for the total yr of 2022. For Forex alone, the rise superior 24%.

Different MOEX Markets in 2022

Other than Forex, buying and selling in equities , bonds and derivatives markets of MOEX declined in 2022. The fairness market noticed a quantity of RUB 17.6 trillion in comparison with RUB 30.0 trillion which was reported a yr earlier. It translated right into a sharply decrease ADV, which fell from RUB 117.6 billion to RUB 69.5 billion.

Depreciation within the bond market fell to RUB 19.6 trillion and was among the many most modest at 14%. Nevertheless, the derivatives market declines have been way more substantial with buying and selling volumes falling to RUB 77.9 trillion from RUB 158.5 trillion reported for the total yr 2021. Common each day volumes contracted by 50% to RUB 307.8 billion.

The cash market was one of many few exceptions to reducing numbers, during which buying and selling volumes rose 41.2% to a document RUB 672.7 trillion and ADV to RUB 2,659 billion. As well as, MOEX reported progress within the wheat and sugar market, which grew 4.9 occasions from RUB 14.6 billion in 2021 to RUB 71.1 billion in 2022.

In November, the Moscow change operator reported an annual decline in general charges and fee revenue for the third quarter of 2022. Absolutely the determine got here in at RUB 8.9 billion, declining by 14.3% in comparison with the identical interval a yr earlier.

Moscow Change (MOEX) printed its buying and selling metrics for 2022, reporting its foreign exchange market buying and selling quantity of RUB 267.8 trillion, which is visibly decrease than the RUB 322 trillion reported for the earlier yr.

In keeping with the press launch from Thursday, the common each day buying and selling quantity (ADV) got here in at RUB 1,058.6 billion, lowering nearly 17% from RUB 1,262.9 billion reported for all the yr of 2021.

Swap and ahead trades fell probably the most, dropping 34% and shutting the yr at RUB 167.5 trillion. Nevertheless, MOEX noticed a rise in spot buying and selling volumes, which rose 5.5% to RUB 100.4 trillion.

As compared, information from the US CME Group confirmed common each day quantity progress of 19% reaching a document 23.3 million contracts for the total yr of 2022. For Forex alone, the rise superior 24%.

Different MOEX Markets in 2022

Other than Forex, buying and selling in equities , bonds and derivatives markets of MOEX declined in 2022. The fairness market noticed a quantity of RUB 17.6 trillion in comparison with RUB 30.0 trillion which was reported a yr earlier. It translated right into a sharply decrease ADV, which fell from RUB 117.6 billion to RUB 69.5 billion.

Depreciation within the bond market fell to RUB 19.6 trillion and was among the many most modest at 14%. Nevertheless, the derivatives market declines have been way more substantial with buying and selling volumes falling to RUB 77.9 trillion from RUB 158.5 trillion reported for the total yr 2021. Common each day volumes contracted by 50% to RUB 307.8 billion.

The cash market was one of many few exceptions to reducing numbers, during which buying and selling volumes rose 41.2% to a document RUB 672.7 trillion and ADV to RUB 2,659 billion. As well as, MOEX reported progress within the wheat and sugar market, which grew 4.9 occasions from RUB 14.6 billion in 2021 to RUB 71.1 billion in 2022.

In November, the Moscow change operator reported an annual decline in general charges and fee revenue for the third quarter of 2022. Absolutely the determine got here in at RUB 8.9 billion, declining by 14.3% in comparison with the identical interval a yr earlier.

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