Why is this important
Foreign currencies directly affect the prices of imported goods, machinery, and other goods, as well as the level of savings of the population. The change in the dollar exchange rate as one of the strongest and most influential currencies in the world directly affects the economy and price transformation. The difference between Central Bank and commercial banks’ exchange rates is an important factor for those who buy currency for travel, transfers, or business.
What happened
- The Central Bank announced new exchange rates for November 21.
- The dollar and the Russian ruble became more expensive.
- Cheaped: euro.
- Commercial banks are selling dollars at 11,970 soums as of November 20.
Central Bank’s full forecast:
- Dollar — 11,914.67 soums (+3.74);
- Euro — 13,735.23 soums (-49.29);
- Pound sterling — 15,584.39 soums (-51.09);
- Russian ruble — 148.27 soums (+0.78);
- Chinese yuan — 1,674.58 soums (-0.56);
- Japanese yen — 75.80 soums (-0.57).
Dollar in commercial banks as of November 20:
- BRB: sale — 11 970 soums;
- Ipoteka bank: sale — 11 970 soums;
- KDB Bank Uzbekiston: sale — 11 970 soums;
- Poytaxt bank: sale — 11 970 soums.
Trends
- Dollar: overall downward trend — the exchange rate has increased since the beginning of the week, but then gradually decreased for four consecutive days. By November 21, the currency had fallen to almost the week’s lowest level, despite a slight price increase.
- Euro: slight growth, after a gradual decline — by November 20, the exchange rate stabilized, but on November 21, it fell again. The overall trend is a noticeable decline, more pronounced than the dollar.
- Ruble: the most calm dynamics — a slight increase on November 17, then a slight decrease, after which the ruble rose again on November 20-21. Small changes in the narrow range.
Context
- The exchange rate of foreign currencies in Uzbekistan fluctuates depending on global trade trends, external market influences, energy costs, and seasonal business demand.
- The dollar is a key global currency for import settlements — therefore, any fluctuations are reflected in the final prices.
