FMDQ Releases FX Market Data for Week Ended July 3, 2026
Nigeria’s FX Turnover Rises 7.67% to $3.05 Billion as FMDQ Releases Weekly Data
FMDQ Group has released data on activities in the Foreign Exchange (FX) market for the week ended July 3, 2026.
The report shows weekly turnover for trades between banks — FMDQ Dealing Member (Banks)/Authorised Dealers — and their clients for the weeks ended June 26 and July 3, 2026.
In the FX Spot and Derivatives markets, total turnover for the week ended July 3, 2026, was $3,053.01 million.
This represents an increase of 7.67%, or $217.57 million, from the $2,835.44 million reported for the week ended June 26, 2026.
The week-on-week (WoW) increase in total turnover was driven by a 6.79%, or $188.16 million, increase in FX Spot transactions, which recorded a total value of $2,959.56 million compared to $2,771.40 million in the week ended June 26, 2026.
It was also supported by a 45.92%, or $29.41 million, increase in FX Derivatives transactions for the week ended July 3, 2026.
The WoW increase in FX Derivatives turnover was driven by a 45.92%, or $29.41 million, increase in FX Forwards turnover.
Table : Weekly FX Turnover Analysis
Discover more from DailyNewsCover.com || ...Its All About News Update
Subscribe to get the latest posts sent to your email.
