The Central Bank set the official exchange rate of the US dollar on March 6 at 12,175.53 sum. Compared to the previous value, the American currency depreciated by 4.28 sum.
Official rates on March 6
- US Dollar: 12,175.53 sum, down by 4.28 sum.
- Euro: 14,151.62 sum, up by 12.08 sum.
- Russian Ruble: 155.08 sum, down by 1.65 sum.
Bank rates on March 5
Uzbek banks on March 5 buy dollars at 12,115–12,135 sum, sell at 12,180–12,240 sum.
Banks buy euros at 13,000–14,050 sum, sell at 14,150–15,500 sum.
The ruble is bought at 90–146 sum, sold at 157–180 sum.
What this means for market participants
The official rate serves as a benchmark for transactions; however, banks conduct operations at their own buy and sell quotes. The difference is evident from March 5 data: for the dollar, the spread between the lower buy limit and upper sell limit is 125 sum, while for the euro and ruble, the ranges are significantly wider.