Dollar climbs to 12,800 UZS: what's happening
USD/UZS crossed 12,800 for the first time in 6 months. Experts explain the causes and what to do with your currency.
What happened
According to the CBU on June 18, 2026, the official rate reached 12,823 UZS — the highest since December 2025.
The som lost 2.3% in 14 days. The CBU did not intervene, maintaining its floating rate policy.
In simple terms
The som is like a pair of scales. Dollars on one side, soms on the other. When everyone wants dollars, the scales tip — and more soms buy one dollar.
In summer, businesses buy imported goods — dollar demand rises, som depreciates.
This has happened before
In 2022, amid external geopolitical risks, the som fell from 11,200 to 11,800 in 3 weeks — the CBU maintained a non-intervention stance. The 2024 peak was 12,600 UZS/$.
""I exchanged at 12,500 waiting for 12,300 — and now it's 12,800. Now I'm waiting for 12,600."
"
Source: cbu.uz/uzs — CBU exchange rates
What comes next
The rate could reach 13,000–13,200 UZS by end of August as import season continues.
What to do
- If you need dollars for travel, buy now — the trend is upward
- Don't hold all savings in one currency — split 50/50 or 60/40 (UZS/USD)
- For large FX purchases, consider buying in instalments (cost averaging)
- Track the official CBU rate at cbu.uz, updated daily at 15:00
Disclaimer
For informational purposes only. Not an investment recommendation.