Volume of currency trading on stock exchange doubled in March

The volume of trading on the republican currency exchange in the first quarter of 2022 amounted to 137.8 trillion soums. Compared to 2021, it increased by 55%, Spot reports with reference to the UzEx press service.

In the trading structure, as before, more than half (53%) falls on the foreign exchange market. However, the share of the debt market more than doubled over the year, from 5.6% to 12.3%. At the same time, the share of the money market shrank by more than 7%.

The volume of foreign exchange trading amounted to 73 trillion soums. This includes FX spot transactions as well as swaps on currency pairs (USD-Soum, Euro-Soum, and the recently added Ruble-Soum and Chinese Yuan-Soum).

The foreign exchange market sharply intensified in February-March. So, if in January the volume of transactions increased by 1.3% compared to the first month of 2021, then in February the growth was 49.6%, and in March – 129.3%.

The volume of transactions with currency on the UzEx, conducted in March, amounted to 34.8 trillion soums. This is the maximum since at least the beginning of 2021.

Deals worth 47.9 trillion soums were concluded in the money market over 3 months. Of these, a little more than 20 trillion soums were placed at the deposit auctions of the Central Bank, the rest fell on the interbank market.

There is also a revival in the new year. In January, the trading volume amounted to 14.5 trillion soums (+45% compared to the same month in 2021), in February it slightly decreased to 14.1 trillion soums (+16.8%), and in March it reached 19.2 trillion soums (+ 26.6%).

Finally, the exchanges placed bonds of the Finance Ministry and the Central Bank in the amount of 14.8 trillion soums on the debt market. Slightly less than half of this amount was in January – for the month, the volume of placed securities amounted to 7 trillion soums, exceeding the level of 2021 by 14 times.