Trading on the Uzbek Republican Currency Exchange was carried out using modern auction methods
Tashkent, Uzbekistan (UzDaily.com) -- In accordance with the resolution of the Board of the Central Bank of the Republic of Uzbekistan from 9 January 2021, regarding the further improvement of foreign exchange purchase and sale operations in the domestic foreign exchange market, from 15 February 2021, trading on the currency exchange in the US dollar are held by the auction method "call" and two-way continuous auction "matching".
As a result of the trades held on the currency exchange, the participants carried out transactions for a total of US$29.3 million, the weighted average rate for which was 10,540 soums per US dollar.
In particular, in the course of the “call” auction, which was held from 10:00 to 10:30, deals were made in the amount of US$18.9 million (64.3% of the total trading volume). During the bilateral continuous auction, which took place from 10:30 to 15:00, deals were concluded in the amount of US$10.5 million (35.7% of the total trading volume).
At the same time, trading on the currency exchange in the euro was held from 10:30 to 15:00 by the method of a bilateral continuous auction, during which deals were concluded in the amount of 1.1 million euros at the weighted average rate of 12 855.40 soums per one euro.
The official exchange rates of foreign currencies to the soums for accounting, statistical and other reporting, as well as the calculation of customs and other obligatory payments will be published by the Central Bank at 16:00 every banking business day.