GEMFOREX Numbers Outlook – Year-End 2022 (DEC)

The end of December marks the end of the year 2022 and it has turned out a great year for GemForex; and most definitely an exciting one for Gems Traders. It was a year full of ups and downs, lots of volatility, and sharp moves. In 2022 we saw the US-Fed hiking rates 425 bps vs. expectations for 75 bps at the start of 2022; the Bank of Japan allowed the 10-year bond yield to move 50 basis points, wider than the previous 25 basis point band which was set for the last decade.

We saw the price of USDJPY reaching decade highs of 151.800; EUR going to and below parity with the Dollar, WTI OIL reaching $127 per barrel, up from the previous year's all-time lows, NASDAQ and tech stocks falling by 33%, and GOLD with a wide range of moves all the way from its year highs of $2,070 at the beginning of the year, all the way to $1,615 per ounce.

A year full of opportunities and excitement for the more active trader.

A great year for GemForex as well, the market volatility and our continuous effort to provide you with great services have sparked the interest of new and existing clients. Summary of GemForex numbers for 2022 vs the previous year of 2021 was shown a healthy uptrend, with the Average Monthly Trading Volume during 2022 reaching over $430 billion, which is 9% higheryear-over-year when compared with 2021 ($393 billion); The monthly average Active Traders showed a steep increase during 2022, reaching 53,800on a monthly average for the year of over 4.5 millionunique trades, which is an increase year-over-year when compared to 2021 with the respective numbers being 39,730  (35% increase)and 3.26 million (38% increase).

During 2022, the company processed a monthly average of $55.5 millionin Client Withdrawals, with the Partner Rewards payouts reaching $6.11 millionon a monthly basis for the year. 

A record year to remember and ponder on, as we at GemForex are grateful for the continuous dedication we have received from you, our clients. All the best and good luck to all our clients, current and potential ones, for the new year 2023.