FMDQ FX Market Analysis Report
Week-Ended August 21, 2026
Kindly see commentary below on the Foreign Exchange (FX) market with data for the week-ended August 21, 2026. Table 1 compares weekly turnover for trades between banks (FMDQ Dealing Member (Banks)/Authorised Dealers) and their clients for the weeks-ended August 14 and 21, 2026.
- In the FX Spot and Derivatives markets, the total turnover for the week-ended August 21, 2026, was $5,057.52 million, representing an increase of 146.12% ($3,002.63 million) from the $2,054.89 million reported for the week-ended August 14, 2026. The week-on-week (WoW) increase in total turnover was solely driven by the 155.02% ($3,044.52 million) increase in FX Spot transactions, which recorded a total value of $5,008.52 million compared to $1,964.00 million in the previous week, offsetting the 46.09% ($41.89 million) decrease in FX Derivatives transactions. :contentReference[oaicite:0]{index=0}
- The WoW decrease in FX Derivatives turnover was driven by the 46.09% ($41.89 million) decrease in FX Forwards turnover.
Table 1: Weekly FX Turnover Analysis
| Category | Week Ended Aug 21, 2026 (Weekly) | Daily Avg | % Share | Week Ended Aug 14, 2026 (Weekly) | Daily Avg | % Share | WoW % Change | WoW Change ($’mm) |
|---|---|---|---|---|---|---|---|---|
| FX Spot | 5,008.52 | 1,001.70 | 99.03% | 1,964.00 | 443.22 | 95.58% | 155.02% | 3,044.52 |
| FX Forwards | 49.00 | 9.80 | 0.97% | 90.89 | 18.18 | 4.42% | (46.09%) | (41.89) |
| FX Derivatives | 49.00 | 9.80 | 0.97% | 90.89 | 18.18 | 4.42% | (46.09%) | (41.89) |
| Total | 5,057.52 | 1,011.50 | 100.00% | 2,054.89 | 461.40 | 100.00% | 146.12% | 3,002.63 |
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