The supply of foreign currency exceeded demand by $102.9 million in February. Over the first two months of the year, the surplus of supply has already exceeded $200 million, according to the latest statistics from the National Bank.
The turnover of the foreign exchange market in February amounted to nearly $11 billion, increasing by $642.3 million compared with January.
Households bought $948.8 million worth of foreign currency in February and sold $1.14 billion. As a result, they provided a net supply of $195.2 million.
Banks bought $5.8 billion worth of foreign currency during the month and sold $5.72 billion, acting as net buyers of $82.5 million.
Non-residents purchased $234.1 million worth of foreign currency in February and sold $282.2 million. Their net supply amounted to $48.1 million.
Business entities bought nearly $3.3 billion worth of foreign currency during the month and sold $3.24 billion. Their net demand amounted to $57.8 million.
The turnover of the foreign exchange market over the first two months totalled $21.35 billion, which is 22.5% higher than in the same period last year. The supply of foreign currency exceeded demand by $227.6 million over the two months.
Individuals bought $1.94 billion worth of foreign currency over the two months and sold $2.18 billion. They provided a net supply of $240.2 million.
Banks bought $11.44 billion worth of foreign currency and sold $11.33 billion. Their net demand amounted to $102.7 million.
Non-residents bought $408.2 million worth of foreign currency in January–February and sold $614.2 million, providing a net supply of $205.9 million.
Business entities bought $6.5 billion worth of foreign currency over the two months and sold $6.39 billion. They acted as net buyers of foreign currency in the amount of $115.8 million.
