Banks purchased over $40 million on the foreign exchange market over the course of the week

Kyrgyzstan’s interbank foreign exchange market saw increased activity during the week of April 6–10, though exchange rate dynamics remained unchanged. Despite a noticeable increase in trading volumes, the dollar exchange rate remained at 87.45 som.

The total volume of transactions for the week amounted to $43.1 million. Nearly 40% of the turnover occurred on the last trading day:

• April 6 — $6.2 million;
• April 7 — $5 million;
• April 8 — $4.4 million;
• April 9 — $4.9 million;
• April 10 — $16.6 million.

Thus, the market demonstrated a surge in liquidity toward the end of the week. Throughout the week, the dollar exchange rate remained within the range of 87.44–87.45 som.

In most trading sessions, both the opening and closing rates were fixed at 87.45 som. The only deviation was observed on April 8—87.44 som at the close.

By settlement type, the market was divided almost evenly:

• same-day settlement transactions — $22.5 million;
• deferred settlement transactions — $20.6 million.

At the same time, spot transactions prevailed on Friday. This indicates current demand for currency liquidity.