4% higher over the company’s average month in 2013
January FX volumes at Alpari Russia and the CIS region have come out at $136.6 billion in January 2014. While this is a rise of 24% year-on-year it is far less pronounced if we compared to the average month at the company throughout 2013 that totaled $131.2 billion. The total number of trades conducted during the month was reported at just over 1 million lots.
The GBPUSD currency pair has accounted for the largest increase in turnover, coming out at $9.1 billion, which was higher by 40%. Another noticeable contributor was one more major pair that apparently appeals to forex traders in Russia – the EURUSD. Volume went up by $8.9 billion to mark a 7% increase. According to data provided by the company in its press release EURUSD accounted for 45% of all trading, followed by the GBPUSD at 24% and the USDJPY that accounted for 7% of all trades.
For the full press release visit by Alpari Russia’s website.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.