Moscow Exchange FX volumes fall 45% YoY in February 2023

Moscow Exchange (MOEX) has published its monthly trading volumes for February 2023, reporting a decline across the board.

During last month, the Russian markets operator reported that most sections of the market slipped on yearly basis but some rose slightly comparted to previous month.

The total trading volumes across the exchange’s markets reached RUB 83.6 trillion in February. The numbers barely increased 1.6% compared to January’s RUB 82.3 trillion. On yearly basis, the figure dropped 18% compared to the February last year.

FX market trading volume came in at RUB 19.4 trillion during last month, seeing a 14.6% rise compared to previous month. However, the numbers fell 46.8% compared to February 2022.

MOEX

The total trading volume on the Equity and Bond market also witnessed drops reaching RUB 2.49 trillion. The numbers were almost 56% lower than February 2022. Compared to last month, there was a 55.5% uptick.

Trading volume in RDRs, shares, and investment fund units stood at RUB 1.06 trillion, with a 77% YoY decrease.

Demand on the Derivatives market on MOEX also decreased by 73.6% YoY to RUB 4.3 trillion.

Money market turnover reached RUB 56.8 trillion, 4.22% lower on monthly basis but gaining 41.3% compared to February 2022.

Turnover in precious metals came in at RUB 12.9 billion, falling 4.9% compared to previous year. Gold accounted for RUB 12.4 billion of that and Silver was RUB 0.5 billion.

MOEX recently reported that its FX Market trading volume for 2022 fell to RUB 267.8, dropping 16.8% compared to 2021.

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