CBU published exchange rates for 29 August

The Uzbek som continues to face upward pressure as major currencies strengthen against it. Today, the US dollar opened at 12,412.98 soms, rising by 58.33 soms. Tomorrow, it is expected to climb further to 12,482.38 soms, gaining an additional 69.40 soms.

The euro showed a modest increase today, opening at 14,386.64 soms with a 2.12-som rise. However, it is projected to surge significantly tomorrow, reaching 14,540.72 soms, a jump of 154.08 soms.

The Russian ruble edged up today by 0.35 soms to 154.28 soms and is forecasted to strengthen more sharply tomorrow, hitting 155.23 soms with a 0.95-som gain.

The British pound gained 31.46 soms today, trading at 16,685.53 soms. Tomorrow’s rate is set to rise further to 16,853.71 soms, increasing by 168.18 soms.

The Japanese yen and Swiss franc also climbed today, with the yen at 83.85 soms (+0.12) and the franc at 15,381.64 soms (+51.39). Both are expected to continue their upward trend, with the yen reaching 84.83 soms (+0.98) and the franc soaring to 15,585.44 soms (+203.80) tomorrow.

Finally, the Chinese yuan rose by 7.76 soms today to 1,733.22 soms and is forecasted to increase further to 1,750.34 soms (+17.12) tomorrow.

Overall, the som is weakening across the board, with tomorrow’s rates indicating a sharper depreciation against all major currencies. This trend reflects growing external pressures and signals a challenging environment for the local currency in the near term.