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Sharp turn in the currency market: the dollar and euro have fallen

Economy
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Sharp turn in the currency market: dollar and euro have dropped
The Central Bank of the Republic of Uzbekistan officially announced new exchange rates for foreign currencies against the Uzbek soum starting from June 5, 2025. According to this, a significant decrease was observed, especially in the exchange rates of the US dollar and euro.

According to the Central Bank, starting today, the value of one US dollar has decreased by 25.54 soums, amounting to 12,831.81 soums. The sharp change in the dollar rate, which had been steadily increasing for the past three days, was also unexpected for market observers.

At the same time, the euro has also significantly dropped. Within a day, its price decreased by 66.36 soums, and it is now being sold for 14,606.45 soums. This decline may be related to changes in the demand for European currency in Uzbekistan.

However, the price of the Russian ruble recorded a slight increase. Specifically, the ruble appreciated by 0.30 soums, now equating to 163.75 soums. Experts note that the development of trade and economic relations with Russia has contributed to this increase.

Looking at other currencies, the British pound has decreased by 6.29 soums, now standing at 17,370.42 soums, the Chinese yuan has dropped by 3.68 soums, now at 1,785.07 soums, and the Japanese yen has fallen by 0.96 soums, now at 89.05 soums. The Kazakh tenge, on the other hand, is being sold with a slight increase at 25.12 soums.

Overall, the changes in the currency market today are particularly significant for the population and entrepreneurs. This situation can have a considerable impact on the prospects of foreign trade, import and export operations, as well as prices in the markets.

For now, observers continue to closely monitor how the situation in the currency market will develop in the coming days. Stay tuned with us for updates on changes in exchange rates!
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