Commercial banks bought over $70 million on the currency market during the week

Last week, Kyrgyzstan's interbank currency market showed stable dynamics in the US dollar exchange rate amid noticeable fluctuations in trading activity. In total, banks bought $71.1 million over the week.

From January 12 to 16, transactions on the interbank market were concluded within a narrow exchange rate range of 87.445–87.45 KGS per dollar. This indicates that the balance of supply and demand has been maintained and that there is no significant pressure on the national currency.

The total activity of market participants during the week was unevenly distributed:

• On January 12, the total volume of transactions amounted to $9.8 million with settlements on the date of conclusion and $10.8 million with deferred settlements.
• On January 13, the trading volume increased to $11.9 million (with settlements on the date) and $10.8 million (with deferred settlements).
• On January 14, the market reached its weekly peak in terms of volume — $13 million with settlements on the date and $6 million with settlements on a future date.
• On January 15, activity declined significantly, with a trading volume of $7.8 million.
• On January 16, trading volume fell to $1 million, the lowest figure for the week.

Throughout the week, the dollar exchange rate remained virtually unchanged. The opening rate was fixed at 87.45 KGS, and the closing rate also remained close to 87.45 KGS.

Even on days of increased activity, the market did not show any exchange rate fluctuations.

Overall, the situation on the currency market remains calm, and the dollar continues to trade near a stable level without any sharp movements.