Page 35 - 2022 - annual report

Dynamics of trading volume in 2020 – 2022 in the context of markets,
in trillions of soums

338.34

266.04 CARE 55.23% 270.61

217.96 CARE 92.75%

140.39
CARE -18.07%

58.81 CARE 138.72% 97.84
21.48 30.85 CARE 217.15%

CARE 43.61%
2020 2021 2022 2020 2021 2022 2020 2021 2022

⚪ forex market ⚪ money market ⚪ debt market

Forex market

UZCE’s foreign exchange market plays an important role in the national financial system of
the country as a center of liquidity for operations with the national currency and an essential
element of the national financial system. UZCE assists the Central Bank in organizing the foreign
exchange market in order to conduct an effective monetary policy and determine the official
exchange rate of the soum against foreign currencies based on the results of currency trading.
In the reporting year, the total volume of trading in the spot currency market increased by
55.30% or 120.42 trillion soums compared to the same indicators in 2021, amounting to 338.18
trillion soums.

USD - soum

In the basket of currency spot instruments, the share of the pair “USD – soum” in the
reporting period amounted to 99.93% of the total volume of foreign exchange trading,
and reached 337.94 trillion soums. In 2022, foreign exchange market indicators showed
moderate volatility.
The trading volume in US dollars for the period under review amounted to 30.53 billion
USD and increased compared to last year by 50.96% or 10.31 billion USD.

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