Published
06/01/2026, 10:19Kyrgyzstan’s foreign exchange market ended the week with a turnover of over $83.65 million, though the dollar exchange rate remained unchanged during this period. On all trading days, the U.S. dollar opened and closed at 87.45 KGS.
According to interbank trading data, from May 25 to 29, banks conducted transactions totaling $83.65 million. Of this amount, $55.95 million consisted of same-day settlement transactions, while another $27.7 million consisted of deferred settlement transactions.
The most active day of the week was May 26, when the total trading volume reached $29.05 million. May 28 came in second with a turnover of $20.9 million.
At the same time, market activity declined slightly compared to the previous week. From May 18 to 22, the volume of interbank transactions amounted to $116.2 million. Thus, weekly turnover decreased by $32.55 million, or nearly 28%.
The decline was uneven. The volume of same-day settlement transactions fell from $63.3 million to $55.95 million, while deferred settlement transactions nearly halved—from $52.9 million to $27.7 million.
This has led to a noticeable shift in the market structure. A week earlier, forward transactions accounted for about 45.5% of trading volume. Now, their share has fallen to 33.1%. In other words, market participants have begun to buy and sell currency “here and now” more frequently, rather than deferring settlements to a later date.
At the same time, the main outcome of the week remains not the trading volume, but the absolute stability of the exchange rate. Over the past two weeks, more than $199.85 million has passed through the interbank market, yet the dollar has been trading at the same price the entire time—87.45 KGS.
