Saxo Bank March 2023 Results Remarkable, Report Breaks Record
Saxo Bank released its March 2023 report, showing it was its best month since March 2020.。
Saxo Bank released its March 2023 report, showing it was its best month since March 2020.。Not only compared to March 2020, but the numbers also performed well compared to previous months。
Forex trading volumes lower before February 2023。Then it suddenly jumped 40 percent to $155.5 billion.。The February 2023 figure was $110.8 billion.。The last high was in November 2022, at $138 billion.。The following months fell until March 2023 began to pick up。
Of this, $121.3 billion and $115.2 billion in December and January, respectively。February was the worst, while March was surprisingly good。Average daily trading volume followed a similar trend, at $6.8 billion in March 2023, compared to $5.5 billion the previous month.。It fell to $5.2 billion in January and $5.5 billion in December.。Despite a 3 percent drop in November, it was still relatively good, with $6.3 billion in trading volume.。
Forex trading volume and average daily trading volume appear to have picked up。Now, there is speculation about whether April 2023 will rise again, rather than fall。Saxo Bank also addressed the performance of other assets in its March 2023 report。
Commodity turnover increased to $44.2 billion from $32.9 billion in February 2023。The January 2023 figure was $32.8 billion.。While there was an increase in February 2023, the increase was greater in the following month。These figures do indicate the safety of Saxo Bank, no matter how much decline it encounters.。Even more compelling is the average transaction volume, which reached $1.9 billion in March 2023, compared to $1.6 billion in February 2023.。January low at $1.5 billion。
In December 2022, the average daily trading volume of commodities was $1.4 billion due to increased volatility in the market.。In January 2023, stock trading volume soared to $219.7 billion。It declined in February 2023 to $208 billion, but rebounded to $259.9 billion the following month.。Average daily trading volume of shares in March 2023 was $11.3 billion。
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