Currency depreciated, gold price sharply increased

The Central Bank of the Republic of Uzbekistan announced the official exchange rates of foreign currencies against the som, effective from February 12. This was reported by Zamin.uz.

According to this information, a decrease was observed in the rates of the US dollar, euro, Russian ruble, and Chinese yuan. At the same time, the price of gold increased significantly.

According to the official rates, the US dollar depreciated by 22.68 soms, reaching 12,287.31 soms. The euro rate decreased by 22.21 soms, set at 14,644.02 soms.

The Russian ruble fell by 0.28 soms, amounting to 159.64 soms. The Chinese yuan also decreased by 3.08 soms, recorded at 1,778.14 soms.

Conversely, the price of gold sharply increased. The price of 1 gram of gold rose by 6,300 soms, reaching 2,059,500 soms.

This was good news for gold investors. Additionally, a decline was observed in the cryptocurrency market.

According to "TradingView" data, on February 11, the bitcoin rate dropped to 29,639,445 soms, with a total value of 817,724,424 soms. Against this backdrop, increased activity in the market is expected.

Therefore, it is recommended to monitor changes in currency and gold prices in the coming days.