FX trading volumes drop 10% in March from previous year - CLS

Average daily foreign exchange trading volumes fell 10% year-on-year in March to $1.98trln

  
People are seen reflected on a window of a currency exchange store in Buenos Aires’ financial district, Argentina, September 3, 2018. Image for illustrative purposes.

People are seen reflected on a window of a currency exchange store in Buenos Aires’ financial district, Argentina, September 3, 2018. Image for illustrative purposes.

REUTERS/Marcos Brindicci

LONDON- Average daily foreign exchange trading volumes fell 10% year-on-year in March to $1.98 trillion, CLS said on Monday, as the wild price swings of a year ago when the COVID-19 pandemic struck were replaced by more orderly trading conditions.

CLS, a major settler of trades in the FX markets, said turnover in spot FX markets in particular dropped sharply last month from 2020 levels.

However, across the first three months of 2021, average daily trading volumes reached a record level of $1.95 trillion.

(Reporting by Tommy Reggiori Wilkes; Editing by Saikat Chatterjee) ((thomas.wilkes@tr.com; +44 (0) 7769 955711;))

More From Currencies