The dollar and euro exchange rate rose again: the soum is under pressure

The Central Bank has announced the official exchange rates of the Uzbek currency against foreign currencies, effective from June 4. According to them, the depreciation of the national currency - the soum against the main foreign currencies continues.

In particular, the US dollar exchange rate has maintained the growth rate observed in recent days. According to the results of one-day changes, the dollar exchange rate increased by 22.74 soums, reaching 12,857.35 soums. It should be recalled that in the previous days this currency also increased by 44.18 soums, reaching 12,834.61 soums.

At the same time, the euro also slightly appreciated against the Uzbek soum. Its exchange rate increased by 10.55 soums, reaching 14,672.81 soums. This indicator may further increase the attractiveness of the European currency in the local market.

The Russian ruble also appreciated slightly against the national currency. The ruble exchange rate has increased by 0.80 soums, and now its official value is 163.45 soums. This may have a certain impact on transactions involving the ruble.

Experts note that the steady growth of the dollar and euro exchange rates may have certain effects on the national economy. First, it is possible that the prices of imported products will increase, which will lead to increased inflation.

On the other hand, the growth of foreign currency may also have positive aspects for exporting enterprises. The amount of income of enterprises engaged in export, calculated in national currency, will increase, which may improve their financial condition.

At the same time, the attitude of the population to changes in the foreign exchange market is also important. Usually, as a result of the depreciation of the national currency, many people seek to purchase foreign currencies. This leads to a further increase in demand in the domestic foreign exchange market.

Experts note that the reasons for such changes are largely related to external factors. In particular, the economic situation in the world, fluctuations in exchange rates in global markets, and changes in foreign investment flows are important factors affecting the value of the national currency.

In order to stabilize the economic situation in Uzbekistan, the Central Bank constantly monitors the situation in the foreign exchange market and, if necessary, intervenes to prevent sharp fluctuations in exchange rates. However, the specific characteristics of foreign markets and the close connection of the national economy with foreign trade and financial markets complicate these processes.

Therefore, what further changes in exchange rates will show in the near future remains an interesting question for many. Time will tell how long the process of devaluation of the national currency will continue and what its consequences will be. For this, the monetary policy of the Central Bank and the state's measures to ensure economic stability are of great importance.