Please see commentary below on the Foreign Exchange (FX) market with data for the week-ended September 4, 2026. Table 1 compares weekly turnover for trades between banks (FMDQ Dealing Member (Banks)/Authorised Dealers) and their clients for the weeks-ended August 28 and September 4, 2026.
▪ In the FX Spot and Derivatives markets, the total turnover for the week-ended September 4, 2026, was $2,414.85 million, representing a decrease of 21.38% ($656.67 million) from the $3,071.52 million reported for the week-ended August 28, 2026. The week-on-week (WoW) decrease in total turnover was jointly driven by the 20.55% ($606.36 million) decrease in FX Spot transactions, which recorded a total value of $2,344.20 million compared to $2,950.56 million in the week-ended August 28, 2026, and the 41.59% ($50.31 million) decrease in FX Derivatives transactions (comprising FX Forward) for the week-ended September 4, 2026. (See Table 1)
Table 1: Weekly FX Turnover Analysis
| Week-ended September 4, 2026 | Week-ended August 28, 2026 | WoW % Change |
WoW Change ($’mm) |
|||||
|---|---|---|---|---|---|---|---|---|
| Weekly | Daily Average |
% Share |
Weekly | Daily Average |
% Share | |||
| ($’million) | ($’million) | |||||||
| FX Spot | 2,344.20 | 468.84 | 97.07 | 2,950.56 | 737.64 | 96.06 | (20.55) | (606.36) |
| FX Derivatives* | 70.65 | 14.13 | 2.93 | 120.96 | 30.24 | 3.94 | (41.59) | (50.31) |
| Total | 2,414.85 | 482.97 | 100.00 | 3,071.52 | 767.88 | 100.00 | (21.38) | (656.67) |
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