The value of the dollar and the euro has fallen sharply: what has changed in the market?

The Central Bank officially announced new exchange rates of foreign currencies against the Uzbek soum, effective from June 10. According to the new rates, the value of the US dollar, euro and Russian ruble has decreased significantly.

In particular, the value of the US dollar decreased by 65.47 soums in one day, amounting to 12,712.05 soums. The euro rate also decreased by a similar figure - by 65.86 soums, and now amounts to 14,524.79 soums. The Russian ruble decreased by a relatively small amount, by 0.44 soums, and its new value is 161.10 soums.

It should be noted that earlier the value of the US dollar against our national currency decreased by 54.29 soums, and was recorded at the level of 12,777.52 soums. That is, the continuation of this decline is felt, and this trend is an important signal for the market.

In particular, during May, our national currency strengthened against the US dollar. Over the month, the soum's value against the dollar increased by 164.9 soums, or 1.28 percent, and by the end of the month it amounted to 12,768.26 soums. Thus, at the beginning of June, our national currency continues its steady strengthening.

According to experts, such changes are the result of the balance of supply and demand in the domestic market, as well as the rational management of monetary policy by the Central Bank. In addition, the economic conditions in the world market and positive changes in our foreign economic relations are also creating the basis for the strengthening of our national currency.

At the same time, the decline in exchange rates may lead to a decrease in the price of imported goods within the country. At the same time, this situation is likely to create some difficulties for exporting enterprises.

In general, such sharp changes in exchange rates can cause significant changes in the market activities of businessmen and entrepreneurs. Therefore, experts urge manufacturers and importers to constantly monitor the market situation and make quick decisions accordingly.

Thus, this situation in the currency market is attracting the attention of both economists and the public, and it is being watched with great interest which way the market will change in the coming days.