The official exchange rate of US dollar against som has grown by 4.18% since start of the year and up to February 12 – from 49.1894 to 51.2463 som for $1 (the growth in the same period of the previous year made 1.19%), reported Tazabek with reference to the National Bank of Kyrgyzstan. Since the beginning of 2014 the situation at the domestic exchange market was heavily determined under the influence of the developments at the world markets and countries-trade partners, primarily Russia and Kazakhstan. The U.S. Federal Reserve System is gradually wrapping up the quantitative easing program, resulting in strengthening of the position of US dollar at the world foreign exchange markets. The internal exchange market of Kyrgyzstan is tangibly pressured by the economic situation in Russia and Kazakhstan. The central bank of Russia gradually begins to float the exchange rate of ruble, while the National Bank of Kazakhstan on February 11, 2014, devalued tenge for around 19%. Since start of 2014 and up to February, the Russian ruble devalued by 6.5%, Kazakh tenge devalued by 20.1%. The current situation with raise of US dollar exchange rate at the domestic foreign exchange market is also connected with internal factors and business cycles. Reduction in inflows of money transfers is observed usually at the beginning of the year. The analysis of previous years proves the inflow of money transfers declines in January compared to December. The deterioration of the trade balance of Kyrgyzstan is observed. According to preliminary information from the State Customs Service and revised estimations of the National Bank, Kyrgyzstan imported goods for $5.56 billion in 2013 (including import of fuel for $1.06 billion, which is 16.5% more than in the same period of the previous year,) whereas export of goods totaled only $2.11 billion.