Tashkent, Uzbekistan (UzDaily.com) -- By 17 May, the US dollar is at 12,700 soums versus 12,690 soums previously. Over the week, the dollar exchange rate increased by 0.07%, Alpari notes.

Exchange rate volatility has decreased. This could be due to the stabilization of foreign exchange supply in the domestic market. In addition, the stability of the soum could be formed due to the strengthening of the position of the ruble, Alpari experts emphasize. Here the connection remains very strong.

It is worth noting that the interest of importers in providing foreign exchange liquidity in the market is very large-scale. The proposal is unlikely to keep up with him. This creates risks of further weakening of the sum, Alpari noted.

In addition, local problems with foreign trade operations remain. This moment puts pressure on the soum.

In the medium term, the dollar/soum pair will trade within the range of 12700-13100. The American currency is moving smoothly upward, but does so without jerks or excitement