Changes in exchange rates: the price of the dollar and euro decreased, and the soum strengthened its position

The Central Bank of the Republic of Uzbekistan announced the official exchange rates of foreign currencies against the national currency for May 19. According to the new rates, after several days of growth, the dollar and euro began to decline, and the position of the soum strengthened slightly.

According to the Central Bank, the US dollar fell by 48.24 soums compared to the previous trading day, amounting to 12,917.10 soums. At the same time, the euro rate also fell significantly, falling by 64.38 soums to 14,460.69 soums.

The Russian ruble also lost value against the Uzbek soum. Its value fell by 1.20 soums to 160.14 soums.

It should be recalled that earlier, the dollar rate reached 12,965.34 soums after several days of growth. However, this growth did not last long, and from today a decline has begun.

Currently, currency exchange offices of commercial banks in Uzbekistan are buying one US dollar from the population at a rate of 12,855 - 12,960 soums, while the selling rate is around 12,965 - 13,030 soums.

These changes occurred due to the balance of supply and demand in the domestic currency market, as well as the situation in the global financial market. According to economists, no significant changes in currency rates are expected in the near future, but small fluctuations in the market are likely to continue.

The Zamin.uz editorial office will closely monitor developments in the currency market and continue to familiarize its readers with the latest information. Do you think the dollar exchange rate will continue to decline in the coming days or will it return to growth? Read 'Zamin' on Telegram!