The dollar has risen again, while the euro has sharply fallen: a new situation in the currency market

The central bank announced the official exchange rates for foreign currencies for May 13. According to it, the US dollar has started to rise again after a decline in recent days.

Specifically, the US currency increased by 15.20 soums compared to the previous day, setting the official rate at 12,895.55 soums. This is the first increase after the dollar had been declining for three consecutive days. It is worth noting that the dollar exchange rate had previously fallen to 12,880.35 soums. This currency last dropped below 12,900 soums on April 23 and had not risen since then.

In contrast, the European currency has significantly depreciated. The value of one euro decreased by 196.91 soums, amounting to 14,338.56 soums. Such a sharp decline in the euro exchange rate in the currency market was one of the largest changes observed this week.

The Russian ruble also increased its value against the Uzbek soum. The official rate of the ruble rose by 2.70 soums, recorded at 159.38 soums.

According to experts, these changes in exchange rates are related to the situations in the international financial market, oil prices, and global economic processes. In particular, the volatility in world markets in recent days continues to reflect in Uzbekistan's currency market.

The Zamin.uz editorial team monitors the latest changes in the currency market and promptly delivers news on this matter.