According to statistics from the National Bank, the supply of foreign currency exceeded demand by $489.7 million in April.
Foreign exchange market turnover in April amounted to $13.92 billion. This was the highest level since the beginning of the year. Compared with the same month last year, foreign exchange market turnover increased by 27.8%.
Individuals bought $1.19 billion worth of foreign currency in April and sold $1.4 billion. The volume of foreign currency sales by individuals was the highest since the start of the year. As a result, individuals were net sellers of foreign currency in the amount of $228.1 million.
Banks bought $6.98 billion worth of foreign currency in April and sold $6.96 billion, generating net demand of $21.3 million.
Non-residents bought $362.9 million worth of foreign currency last month and sold $306 million. They were net buyers in the amount of $57 million, which is relatively rare.
Resident business entities bought $3.66 billion worth of foreign currency and sold nearly $4 billion. They generated net supply of $339.9 million.
In January-April, foreign exchange market turnover amounted to $48.3 billion. This was an increase of 24.3% compared with the same period last year. Over the four-month period, foreign currency supply exceeded demand by $560 million.
Individuals bought $4.36 billion worth of foreign currency in January-April and sold $5 billion, generating net supply of $642.7 million.
Over four months, banks bought $25.4 billion worth of foreign currency and sold $25.3 billion. They were net buyers of foreign currency in the amount of $112.6 million.
Non-residents bought $1.09 billion worth of foreign currency in January-April and sold $1.34 billion. They generated net supply of $246.5 million.
Resident business entities bought $14.24 billion worth of foreign currency and sold $14.02 billion. They were net buyers of foreign currency in the amount of $216.5 million.
