Stock market prices surge, with the dollar recording a distinct increase.
Hear ya! Here's the scoop on the Kazakhstan Stock Exchange (KASE):
They've put an end to trading in foreign currency instruments, according to Liter.kz.
The closing bell rang, and the average weighted exchange rate of the dollar stood at 511.92 tenge - an increase of 0.22 tenge.
The National Bank's official exchange rate for June 13? 511.77 tenge.
Here's a quick rundown of the current exchange rates in exchange offices:
- Dollar: buying goes for 512-514 tenge, and selling is 515-516 tenge;
- Euro: buying is 589-590 tenge, and selling is 592-593 tenge;
- Rouble: buying is 6.37-6.39 tenge, and selling is 6.45-6.5 tenge.
Got more questions about foreign currency in Kazakhstan? Check out these articles:
Dollar's Value Skyrockets in Kazakhstan
The Lowdown on Foreign Currency Movements in Kazakhstan
Now, let's dive a little deeper into the current trends and factors impacting the foreign currency exchange rates in Kazakhstan:
Current Scenario
- Exchange Rate: As of early June 2025, the average exchange rate for the USD/KZT pair from January to May 2025 hovered around about KZT 510.92 per USD[1]. The current exchange rate stands at roughly KZT 512.28 per USD[5].
- Forecast: The USD/KZT is predicted to see a minor hike, with a projected rate of around KZT 515 by the end of June 2025, and a trading range between KZT 510.44 and KZT 521.61 by the end of December 2025[3][5].
Factors Affecting Exchange Rates
- Economic Conditions: Rising price pressures stem from energy tariff hikes, strong consumer demand, fiscal stimulus, and increasing inflation expectations[4]. Such factors contribute to currency volatility.
- Monetary Policy: The Central Bank of Kazakhstan has stuck to a steady approach, which can impact currency stability and inflation management[4].
- Market Sentiment: The sentiment is currently positive, indicating a potential for further appreciation of the USD against the KZT[5].
Long story short, the exchange rates in Kazakhstan are subject to changes determined by economic conditions, monetary policy decisions, and market sentiments.
In light of the current trends and factors affecting foreign currency exchange rates in Kazakhstan, it's essential for those interested in finance and investing to keep a close eye on the stock-market and the Kazakhstan Stock Exchange (KASE). The exchange rate for the USD/KZT pair is projected to see a minor hike, with a predicted rate of around KZT 515 by the end of June 2025. Factors such as economic conditions, monetary policy, and market sentiment play significant roles in shaping these exchange rates.
