EUR/KGS (National Bank of the Kyrgyz Republic)

The official exchange rates of foreign currencies against the Kyrgyz som are determined by the National Bank of the Kyrgyz Republic. Rates for major currencies (U.S. Dollar, Euro, Russian Ruble, Kazakh Tenge) are set on a daily basis during trading days, while rates for other currencies are determined weekly. The rate for the U.S. Dollar is established through market mechanisms, representing the weighted average of transactions concluded in the Automated Trading System during a calculation period from 15:00 of the previous trading day to 15:00 of the current day. Rates for other currencies are derived via cross-rates against the U.S. Dollar based on data from international agencies (Reuters/Bloomberg) or weighted averages from regional stock exchanges (MOEX, KASE). Determined between 15:00 and 15:30, these rates become effective on the following calendar day and are intended for accounting and settlement purposes without obliging the regulator to buy or sell currency at the established rates.