Moscow Exchange registers 39.9% MoM drop in CNY/RUB volumes in January


Moscow Exchange, or Moskovskaya Birzha MMVB-RTS PAO (MCX:MOEX), saw the traditional decline in monthly trading volumes in January, primarily due to the winter holidays season in Russia.

The overall picture was reflected in the detailed Forex volumes metrics for January 2016, which MOEX published today. The data pointed to decreases in monthly trading volumes across a raft of currency pairs. It is useful to note, however, that the decline in monthly volumes does not necessarily equal lower trading activity. Let’s mention that Forex ADV in January 2016 were higher than in December 2015.

Let’s take a look at the latest data.

  • Trading volumes of CNY/RUB (Chinese yuan vs Russian ruble) amounted to RUB 61.7 billion, down 39.9% from the level of RUB 102.7 billion registered in December 2015. CNY/RUB transactions accounted for 0.2% of all FX trades at MOEX in January, down from a share of 0.3% in December.
  • The most traded FX contract was USD/RUB, which accounted for 84.3% of the total FX trading volumes in January, up from a share of 80.4% in December 2015. The USD/RUB monthly volume for the first month of 2016 was RUB 23.4 trillion, down 6% from December levels.
  • EUR/RUB transactions accounted for 12.7% of all FX transactions in January, down from a share of 14.3% in the preceding month. The trading volume was RUB 3.5 trillion, down 20.4% from December 2015 levels.
  • EUR/USD accounted for 2.8% of all FX transactions in January, down from a share of 5% in December. The trading volume was RUB 0.7 trillion, down 53% from December 2015 levels.

moex_trading_volume_jan16_inside

You can download the full report by clicking here.

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Moscow Exchange registers 39.9% MoM drop in CNY/RUB volumes in January

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