Foreign Currency Supply Exceeded Demand by $177.7 Million in May

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Фото: Alexander Mils / Unsplash.com

Foreign currency supply exceeded demand by $177.7 million in May, while the cumulative surplus of supply reached $737.8 million over the first five months of the year, according to the latest statistics from the National Bank.

Foreign Exchange Market Turnover in May amounted to $12.65 billion. It declined compared with March and April, when turnover exceeded $13 billion. Compared with May 2025, market turnover increased by 17.9%.

Individuals purchased $1.14 billion worth of foreign currency in May and sold $1.45 billion. The volume of foreign currency sales by individuals was the highest since the beginning of the year. As a result, net foreign currency sales by this group reached $310.5 million, also the highest monthly figure of the year.

Banks purchased $6.75 billion worth of foreign currency in May. Their foreign currency sales exceeded purchases by only $2.5 million.

Non-residents purchased $277.6 million worth of foreign currency last month and sold $378 million. They generated net foreign currency supply of $100.5 million.

Resident business entities purchased $3.65 billion worth of foreign currency in May and sold $3.4 billion. They generated net demand of $235.7 million.

Foreign Exchange Market Turnover Over Five Months amounted to nearly $61 billion. It increased by 22.9% compared with the same period last year.

In January–May, individuals purchased $5.5 billion worth of foreign currency and sold nearly $6.5 billion. They generated net foreign currency supply of $953.2 million.

During the same period, banks purchased $32.15 billion worth of foreign currency and sold $32.03 billion. They were net buyers of foreign currency in the amount of $110.1 million.

Non-residents purchased $1.37 billion worth of foreign currency in January–May and sold $1.72 billion, generating net foreign currency supply of $346.9 million.

Resident business entities purchased $17.89 billion worth of foreign currency over the five-month period and sold $17.435 billion. Their net demand amounted to $452.2 million.

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