The Central Bank announces sharp changes in exchange rates!

The Central Bank of the Republic of Uzbekistan announced that starting from May 28, 2025, new exchange rates for foreign currencies against the national currency — the Uzbek soum — have been set. Accordingly, the exchange rates of most major foreign currencies have significantly decreased, indicating a notable change in the financial market.

The US dollar has depreciated by 53.03 soums against the national currency and has been set at 12,886.90 soums. Throughout the past week, a steady decline in the dollar rate was observed, and this trend continued today. This change could be good news for import buyers and people engaged in currency exchange operations.

The main European currency, the euro, also fell noticeably. The euro rate dropped by 100.30 soums and was set at 14,625.34 soums. Such a decrease is significant for entrepreneurs and investors trading with Europe. In addition, the British pound sterling also dropped to a level not seen recently and now costs 17,456.59 soums after a 92.54 soum decrease.

The Russian ruble, which is important in regional trade and economic relations, also continued its downward trend. Its rate was set at 160.87 soums, with a decrease of 1.16 soums. This will surely attract the attention of those engaged in trade and economic ties with Russia.

Kazakhstan’s national currency, the tenge, also slightly decreased by 0.16 soums and was set at 25.18 soums. This may slightly affect trade and economic relations between Uzbekistan and Kazakhstan.

A downward trend is also observed among Asian currencies. For example, the Chinese yuan fell by 9.39 soums to 1,791.07 soums, and the Japanese yen depreciated by 1.03 soums, reaching 89.54 soums.

In general, these changes in currency exchange rates announced by the Central Bank may have certain impacts on the country’s foreign trade and investment climate. According to experts, such a decline in foreign currencies against the national currency is likely to have a positive effect on domestic prices, especially for imported goods.

Thus, these significant changes in the currency market open up new opportunities for the population and entrepreneurs. Monitoring the economic situation and adjusting one’s financial strategy accordingly becomes a crucial task for both businesses and citizens. The Central Bank’s announcement encourages those monitoring currency rate changes to be more active.

Based on the above information, it can be assumed that further changes in financial markets are likely in the coming days. Therefore, everyone involved in the currency market should regularly follow the Central Bank’s updates. As a result, more efficient currency exchange and investment decisions can be made.