The so‘m is strengthening: the dollar and euro have become cheaper again

The Central Bank of the Republic of Uzbekistan has announced the next official exchange rates of foreign currencies, effective from June 12, 2025. According to the new rates, the national currency — the so‘m — is further strengthening against several major currencies.

In particular,
- The US dollar fell by 27.81 so‘ms and is set at 12,646.56 so‘ms. This once again confirms the consistent decline of the dollar's rate in recent weeks.

- The single currency of the European Union — the euro — also slightly lost its position against the so‘m. It decreased by 8.99 so‘ms and now stands at 14,461.34 so‘ms.

- The British pound sterling also dropped by 29.93 so‘ms and is fixed at 17,070.33 so‘ms. Thus, the pound remains in a downward trend.

- The official rate of the Russian ruble fell by 0.35 so‘ms and now amounts to 160.88 so‘ms.

- The Kazakh tenge also decreased by 0.06 so‘ms, reaching 24.88 so‘ms.

The official rates set by the Central Bank reflect stability in the currency market and the gradual strengthening of the national currency.

According to experts, external economic factors, export revenues, the flow of tourists, and financial measures positively affect the stable exchange rate of the so‘m. The so‘m’s firm standing against major currencies like the dollar and euro is particularly important for the population and business entities.

In conclusion, the national currency is moving toward stability, and this trend is expected to continue. Zamin.uz will continue to monitor all updates on this topic.