In 2024, the trading volume at the Uzbek Republican Currency Exchange increased by 19.84%, reaching 1.198 bn soums, according to Gulshan Asanova, head of the Public Relations and Marketing Department of the UZCE.
Last year’s figures were record-breaking for the exchange. The money market accounted for 55.85% of the trading volume, while the currency market contributed 38.96%, and the debt market made up 5.19%.
Among UZCE members, there are 35 Uzbek banks, six brokerage firms, and one foreign bank.
The Exchange attributes the increase in trading volume to the growing attractiveness of Uzbek markets and the ongoing development of the exchange. Notably, UZCE extended trading sessions on repo deals, allowing such transactions at zero and negative rates, and introduced bilateral continuous auctions.
In the foreign exchange market, the Exchange started trading in euro-sum and euro-ruble pairs with same-day (T+0) settlements. In 2024, the exchange began offering dollar-sum futures at both the weighted average exchange rate and the official rate set by the Central Bank of Uzbekistan.
Margin requirements for futures contracts were also reduced.
Kursiv Uzbekistan also reports on the changes in the dollar-to-sum exchange rate as of March 24.
