Banks in Kyrgyzstan bought up nearly 60% of the weekly foreign exchange turnover in a single day

During the week of March 23–27, commercial banks purchased $68.3 million in foreign exchange transactions on the interbank foreign exchange market, both on a spot basis and with deferred settlement. This is 26.6% higher than the previous week’s figure ($53.95 million).

The average daily volume remained virtually unchanged—$13.66 million versus $13.49 million the week before.

However, a more detailed analysis shows that on the very first day of the week—March 23—trading volume reached $40.5 million, accounting for about 60% of the total weekly turnover. Activity then dropped sharply in the following days. Daily volumes fluctuated between $4 million and $10 million.

Excluding this one-time spike, the total trading volume for the remaining days amounted to $27.8 million, with an average daily volume of about $7 million. This is nearly half the level of the previous week.

Meanwhile, the dollar remained stable. Throughout the week, it traded at 87.45 som, with no deviations at either the opening or closing of trading.