Why is this important
Exchange rate changes affect import prices, the cost of raw materials and goods on the shelves. Devaluation of key currencies can increase inflationary pressure or change importers’ behavior.
What’s new
- Dollar: 12,199.71 soums (-19.37)
- Euro: 14,328.56 sum (−50.85)
- Pound: 16,408.61 so’m (-60.27)
- Chinese yuan: 1,712.79 sum (−2.96)
- Japanese yen: 81.99 sum (−0.42)
- Tenge: 22.50 sum (−0.05)
- Ruble: 146.09 soums (+0.12) is the only currency that has risen.
Context
Exchange rate movements can reflect market responses to internal and external macroeconomic signals, including changes in monetary policy. For businesses and the population, such volatility creates risks in import and payment planning. The strengthening of the ruble against the som may be related to currency flows from Russia or trade and financial relations between countries.
