Why is this important
Currency exchange rate changes directly affect import costs, loans, and inflation expectations. Fluctuations after the stable strengthening of the sum can indicate a reversal of the trend.
What happened
- The dollar exchange rate increased by 16.34 soums to 12,084.10;
- The euro increased by 56.61 soums to 14,197.61;
Growth also showed:
- pounds sterling — 16,247.07 (+37.65);
• Russian ruble — 146.72 (+1.08);
• Chinese yuan — 1,697.30 (+2.27);
• Japanese yen — 81.67 (+0.46);
A slight decrease was observed for the Kazakh tenge – 21.99 soums (-0.01).
Context
Prior to this, the dollar depreciated for three consecutive days, reaching its lowest point since September 2023. Growth can be a temporary corrective movement or a signal for a change in dynamics.
