Moscow Exchange Reports Dip in FX Activity for April 2022

Moscow Exchange (MOEX) published its trading volumes for April 2022 today and witnessed a substantial drop in foreign exchange (FX) trading activity. For the whole month, FX trading volumes reached RUB 22 trillion, compared to RUB 34.2 trillion in April 2021.

As far as the average daily trading volume is concerned, the figure came in at RUB 1,049 billion, compared to RUB 1,553 billion in April 2021.

Additionally, the derivatives market witnessed a significant drop in activity as the trading volume dipped from RUB 13.8 trillion in April 2021 to RUB 4.2 trillion in April 2022.

“In April 2022, total trading volumes across Moscow Exchange’s markets was RUB 88 trln (RUB 95.7 in April 2021). The number of trading days in April 2022 was 21 (versus 22 in April 2021). Trading volume on the Equity and Bond Market in April was RUB 1,446 bln (April 2021: RUB 4,417 bln), hereinafter excluding overnight bonds. Trading volume in shares, DRs and investment fund units was RUB 1,016 bln (April 2021: RUB 2,385 bln). ADTV was RUB 48.4 bln (April 2021: RUB 108.4 bln),” the exchange noted.

Money Market

Despite a challenging environment across different segments, Moscow Exchange witnessed decent growth in the money market as the total turnover reached RUB 60.4 trillion, compared to RUB 43 trillion in April 2021. The average daily trading volume came in at RUB 2,874.7 billion.

“The CCP-cleared repo segment added 13.2% to reach RUB 27.8 trln, including the GCC repo segment which increased more than twofold to RUB 14.5 trln. Turnover in precious metals (spot and swaps) was RUB 4.6 bln (April 2021: RUB 24.8 bln), of which RUB 4.4 bln was gold and RUB 0.3 bln was silver,” MOEX highlighted.