Trading turnover at Alpari for Russia and the CIS in Q1 of this year came to 378.4 bln USD. In March 2014, the turnover was 130.9 bln, 18% higher than February's total.
Comparing Q1 2014 to Q4 2013 results, the highest individual growth was the 24 bln USD increase, or 30%, seen in the GBPUSD currency pair. Turnover in the USDJPY pair grew by 11% to 26.9 bln USD. At the same time, the growth in the most popular currency pair, EURUSD, fell in comparison with the previous period by 12% to 21.3 bln USD.
"It has not been a straightforward start to the year, following on from the traditional drop in trading volume during the January vacations there has been a period of political tension over the events in Ukraine. At the same time, the most popular currency pair amongst traders, EURUSD, showed very little volatility. All the same, we can say with some satisfaction that towards the end of the quarter the level of turnover returned to normal, and was actually 2% up on the previous quarter", said Boris Shilov, CEO of Alpari.
The number of lots traded in Q1 of this year was 2,826,030 lots, while the number of client accounts in Russia and the CIS on March 31, 2014, surpassed 1.1 mln.
Source: alpari forex.com, "Q1 2014 Turnover at Alpari for Russia and the CIS Exceeds 378 bln USD"