Tashkent, Uzbekistan (UzDaily.com) — As of 8 May 2025, the exchange rate of the US dollar stands at 12,890 soums. Over the past week, the som has strengthened by 0.19%.

In the previous week, the som depreciated against the dollar by 0.32%, while the week before that it appreciated by 0.63%. The dynamics of the Uzbek soum have become more volatile and less predictable due to the large amount of external information and influence. The soum has proven to be highly susceptible to volatility.

Recent data on the consumer price index in Uzbekistan for April has been released. In month-on-month comparison, inflation decreased by 0.2%, as it did in year-on-year terms. However, since the beginning of the year and up to early May, the accumulated inflation reached 2.9%, which is higher than the same period last year (2.6%). Yearly inflation is currently at 10.1%, which is also higher than in 2024. Prices spiked in February and have since been moving toward stabilization.

Next week, the dollar/soum pair is expected to remain within the traded range of 12,860-13,000 soms.

Anna Bodrova, Alpari Analyst