The exchange rates effective from May 8 have been announced
The Central Bank of Uzbekistan has announced new currency rates effective from May 8, 2025. The rates have been determined to reflect the real situation in the market, with significant changes noted in some major currencies.
The US dollar continues to decline
According to the Central Bank, the exchange rate of the US dollar has decreased by 14.77 soums, setting it at 12,910.15 soums. This is seen as a continuation of the dollar's declining trend in recent weeks. Some economists believe that this situation may positively affect the prices of imported goods.
The euro is strengthening
The European Union currency, the euro, has appreciated by 40.10 soums this week, reaching 14,660.77 soums. This change indicates that the euro is currently maintaining a strong position in global markets. This information is of significant importance for citizens engaged in tourism, imports, and international remittances.
The British pound is also on the rise
The British currency, the pound sterling, continued to rise this week, reaching 17,213.10 soums (+2.28). Such stability in the pound is particularly relevant news for entrepreneurs engaged in trade relations with Great Britain.
A slight decline in the Russian ruble
The Russian ruble has decreased by 0.16 soums, setting it at 159.78 soums. This change in the ruble may be related to global influences on the Russian economy.
The Kazakh tenge remains relatively unchanged
The neighboring Kazakhstan's national currency, the tenge, has slightly decreased this week, reaching 25.09 soums (-0.03). This change is almost negligible, maintaining the stability of the exchange rate.
In conclusion
The Central Bank's updated rates may impact international trade, tourism, and investment activities this week. Citizens and entrepreneurs dealing with currency exchange, international money transfers, and currency deposits are advised to pay special attention to these rates.
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