On Friday, November 29, the official exchange rate of the ruble on the currency exchange reached a multi-year low. This was reported by the Central Bank.
In just one day, the Russian currency depreciated by 3 som 34 tiyin. It is currently valued at 116.73 soms — the lowest since March 24, 2022. Since June 20, the ruble has dropped against the Uzbek som by almost a quarter.
The American dollar set a record, rising by 16.67 soms to 12,865.05 soms. The euro added 38.12 soms, reaching 13,550.60 soms.
A week ago, the official dollar exchange rate exceeded the 100 ruble mark for the first time in a year. As of November 29, the Bank of Russia set the dollar rate at 109.57 rubles, while the exchange rate of the Russian currency to the som was 117.25.
Additionally, the official exchange rate of the tenge to the som fell to its lowest since March 25, 2023. During the trading day, the Kazakh currency depreciated by 73 tiyin, dropping below the 25 som mark. Since May 13, the tenge has weakened against the Uzbek som by more than 16%.
In response to the weakening national currency, the National Bank of Kazakhstan raised the key interest rate by 1 percentage point to 15.25% per annum. The regulator is also conducting currency interventions to support the tenge.
Earlier, Spot reported on how the official dollar exchange rate changed in November.