FMDQ Foreign Exchange Market Analysis Report for Week-Ended July 10, 2026

Kindly see commentary below on the Foreign Exchange (FX) market with data for the week-ended July 10, 2026. Table 1 compares weekly turnover for trades between banks (FMDQ Dealing Member (Banks)/Authorised Dealers) and their clients for the weeks-ended July 3 and 10, 2026.

• In the FX Spot and Derivatives markets, the total turnover for the week-ended July 10, 2026, was $1,631.12 million, representing a decrease of 46.57% ($1,421.89 million) from the $3,053.01 million reported for the week-ended July 3, 2026. The week-on-week (WoW) decrease in total turnover was jointly driven by the 46.62% ($1,379.66 million) decrease in FX Spot transactions, which recorded a total value of $1,579.90 million compared to $2,959.56 million in the week-ended July 3, 2026, and the 45.19% ($42.23 million) decrease in FX Derivatives transactions for the week-ended July 10, 2026. (See Table 1)

• The WoW decrease in FX Derivatives turnover was driven by the 45.19% ($42.23 million) decrease in FX Forwards turnover

     Table 1: Weekly FX Turnover Analysis

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