The official exchange rate of the dollar on Friday, October 18, reached a new record for the sixth time this month. This was reported by the Central Bank.
The American currency is priced at 12,815.13 sums. During the trading day, it increased by 12 sums and 7 tiyin, and since the beginning of the year, it has risen by 3.74%.
Commercial banks are offering dollars at rates between 12,820 and 12,865 sums, with the lowest price being offered by Asia Alliance Bank (12,805 sums). The purchase rate ranges from 12,740 to 12,770 sums, with the most favorable rate established by BRB at 12,780 sums.
Experts surveyed by Spot believe that the strengthening of the real exchange rate of the sum in the first half of the year was temporary. Factors supporting the national currency include the issuance of eurobonds, rising gold prices, and currency interventions by the Central Bank.
Analysts expect that by the end of the year, the national currency will continue to weaken due to an increase in the external trade deficit and a decrease in remittances. According to them, the dollar may rise to 13,000 sums.
Earlier, Spot reported that inflation expectations rose in September under the influence of the exchange rate.