Recent trends in Uzbekistan’s financial market show that the US dollar is depreciating against the national currency. According to the official exchange rate announced by the Central Bank on July 3, 2025, 1 US dollar depreciated by 84.40 soums, amounting to 12,591.71 soums. This indicates a continued decline in the dollar rate over recent weeks.
According to experts, the decline in the dollar exchange rate is linked to changes in the supply and demand balance in the domestic currency market. Notably, the main factors cited are an increase in export revenues, greater supply of foreign currency by market participants, and a relative decrease in import volumes.
Additionally, positive dynamics in the trade balance and the stability of the balance of payments are also creating a basis for the relative strengthening of the soum. This process contributes to enhancing Uzbekistan's economic resilience to external influences.
A declining exchange rate may impact domestic production costs and contribute to the relative stability of prices for imported goods. At the same time, this situation may cause certain inconveniences for exporters, as a strong soum can reduce competitiveness in foreign markets.
For investors, however, this situation may be seen as a sign of macroeconomic stability. In particular, an orderly and predictable change in the exchange rate is considered an important factor for market participants. Read 'Zamin' on Telegram!
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