Tashkent, Uzbekistan (UzDaily.com) — As of 31 July 2025, the Uzbek soums has significantly strengthened, with the US dollar trading at 12,580 soums. This marks a 1.43% increase over the past week.

Earlier in July, the soums had been under pressure: it fell by 0.15% the previous week, 0.79% the week before, and a total of 1% over the two weeks prior.

The turnaround came as a result of several factors. First, according to market assessments, the Central Bank increased its presence on the foreign exchange market, helping to smooth out fluctuations in supply and demand. Second, late July saw an increase in foreign currency inflows from exporters, partly due to the completion of tax settlements.

The soums also received additional support from a slowdown in seasonal demand for US dollars, as the peak of soumsmer holiday expenses and mid-season purchases has passed. On a global scale, the US dollar stabilized following its strengthening in June–July, further supporting local currencies.

At the beginning of August, the USD/UZS pair is expected to trade within the range of 12,500–12,850 soums.