The sum is gaining strength as it relies on its correlation with the ruble.
The strengthening of the Uzbek som against the US dollar is gaining momentum. As of February 27, 2025, the dollar is valued at 12,870 soms. Compared to the levels from a week earlier, the som has appreciated by 0.42%.
https://uzdaily.uz/ru/sum-nabiraet-silu-on-opiraetsia-na-korreliatsiiu-s-rublem/2025-02-28 08:47:41
The geopolitical factor is working in favor of the ruble. Currently, there are few facts and too many expectations, which is why there is no equilibrium in the currencies. However, in theory, if a "warming" of relations between Russia and the West does occur,
Uzbekistan will receive its share of positivity.
In the near future, the dollar/sum pair is expected to maintain positions within the range of 12840-12950 sums.
Anna Bodrova, analyst at Alpari