At the beginning of the year, trading volumes traditionally fall due to long weekends and seasonally low imports. According to Kommersant’s estimates, in January the total trading volume in the main currency pairs (yuan, dollar, euro, Kazakh tenge, Turkish lira, Hong Kong dollar and Belarusian ruble) in the βtomorrowβ delivery mode amounted to 4.9 trillion rubles, which is 22 % lower than the December result, but one and a half times higher than the January 2023 value.