Why is this important
The dynamics of the foreign exchange market reflect both domestic monetary conditions and external pressures — especially against the backdrop of global dollar fluctuations, interest rate growth, and inflation expectations.
What happened
- US dollar: 12,160.99 soums (-72.68);
- Euro: 14,178.50 soums (-55.38);
- Pound: 16,339.51 soums (+6.34);
- Russian ruble: 153.92 soums (-0.92);
- Chinese yuan: 1,706.59 soums (-10.03);
- Japanese yen: 80.38 sum (-0.46);
- Kazakhstan tenge: 22.62 sum (-0.07).
Context
The decline in the dollar and euro is occurring against a backdrop of soft demand dynamics and expectations of exchange rate stabilization in the region. The pound’s rise could be linked to the strengthening of the British currency’s position against a global backdrop, as well as a recent decline.
The market remains sensitive to regulatory actions and global trends – from raw material prices to FRC and ECB policies.
