Total foreign exchange turnover on FMDQ OTC Securities Exchange declined by 28.4 per cent in the 8th month of 2021.
This was according to data obtained from the FMDQ Monthly report.
Analysis of activity at the exchange showed that total FX turnover on FMDQ between January and August of this year stood at N34.42 trillion as against N48.1trillion recorded in prior period under review.
The breakdown revealed that a total FX turnover of N3.26trillion was traded at the I& E FX window, it increased to N4.29trillion in February.
According to FMDQ’s monthly report, total FX market turnover in March 2021 was N5.07trillion or $12.35billion, representing a Month-on-Month increase of 16.51 per cent (N4.29 trillion) from the turnover recorded in the previous month.
For April, the data revealed that total FX market turnover was N5.11 trillion or $12.44billion, representing a Month to Month increase of 0.73 per cent from turnover recorded in March 2021.