Uzbekistan projects dollar exchange rate to reach 14,150 UZS by 2027

On December 17, the Central Bank of Uzbekistan set the official exchange rate at 12,874 UZS per US dollar. Since the beginning of 2024, the UZS has depreciated by 4.4% against the US currency.

According to Uzbekistan’s 2025 state budget parameters, the dollar's annual average rate is expected to be:

• 13,250 UZS in 2025,
  • 13,725 UZS in 2026,
  • 14,150 UZS in 2027.
• 13,650 UZS by the end of 2025,
  • 14,300 UZS by the end of 2026,
  • 15,000 UZS by the end of 2027.

Experts emphasize that predicting the exact exchange rate of the UZS is challenging due to various influencing factors. A stable economic growth rate in Uzbekistan could slow the UZS's depreciation, while rising inflation could accelerate it. Additionally, the export-import balance in external trade plays a key role in shaping the national currency’s value.