The national currency of Uzbekistan ranked eighth in the list of national currencies that have most devalued against the US dollar in the past decade, according to a rating by the capital management company Creative Planning.

It’s noted that over the last decade, the Uzbek soum has weakened by 82.3% compared to the dollar, marking the worst performance among post-Soviet states' currencies. Additionally, the Ukrainian hryvnia depreciated by 77.5%, the Kazakh tenge by 65.4%, the Russian ruble by 61.3%, the Tajik somoni by 56.3%, and the Kyrgyz som by 43.3%.

In contrast, the Turkmen manat emerged as the most stable currency in Central Asia, depreciating only by 18.4%.

The Armenian dram and the Swiss franc are the only two currencies that have appreciated against the dollar in the last decade, with increases of 1.1% and 3.1%, respectively.

With nearly a 100% devaluation over the decade, the Venezuelan bolivar topped the list as the most devalued currency. Other currencies with substantial depreciation included the Syrian pound (-99.1%), the Argentine peso (-99.1%), the Turkish lira (-92.3%), and the Surinamese dollar (-91.2%).

This ranking underscores the widespread economic challenges and volatility in currency markets, highlighting the Uzbek soum's significant loss in value compared to the US dollar over the past ten years.