the market of future dollar grew 172.4% during the month of May compared to April, reaching the highest volume of the year, reported the Electronic Stock Market (Bevsa).
The future dollar trade was 28.5 million dollars last month, 18 million more than in April. This volume meant a relative maximum compared to August 2022.
The increase in volume is due, according to Bevsa, to the operations of the NDF dollar which increased 45.6% compared to last month and registers the maximum operating since August 2021. In May it represented 53.33% of the future dollar traded volume (USD 15.2 million).
Also, the dollar OCT It was operated again after having a month without activity, contributing to a higher total volume operated. I represent the remaining 47.66% of the volume in May.
The foreign exchange market in general has been having a good year, with an important growth of 49.6% accumulated in the first five months of 2023. It increased from 1,743 million to 2,607 million dollars.
In May, the exchange traded amount was 471.4 million dollars, which implied a 28.8% increase compared to April ($365.9 million). In relation to the same month in 2022, when 395.6 million dollars had been operated, the amount traded in the exchange market grew by 19.16%.
Most of the exchange market operations last month were concentrated in the spot dollar with 442.9 million dollars, representing 94% of the total.
Source: Ambito
