U.S. dollar price rises on May 30th.
Market update for May 30, 2025:
The Kazakhstani tenge experienced fluctuations against major global currencies on Monday. The average trading rate for the US dollar closed at 510.81 tenge, marking a 1.69 tenge increase. Meanwhile, the average Russian ruble rate rose to 6.48 tenge, inching up by 0.04 tenge. In contrast, the average Chinese yuan rate commenced the day at 70.73 tenge, albeit registering a decline of 0.10 tenge.
Exchange offices in Kazakhstan continued to trade foreign currencies at varying rates. The US dollar was bought and sold at 510.3-512.7 tenge, while euros were transacted at 579-583 tenge. Russian rubles were exchanged at 6.39-6.51 tenge.
The global oil market displayed an upward trend on May 30. The price of August Brent futures on electronic trading at ICE Futures surged by 0.38% to $63.59 per barrel, while July WTI crude oil futures rose by 0.44% to $61.21 per barrel.
In the morning, the National Bank set the exchange rates for the US dollar at 509.26 tenge, the euro at 574.75 tenge, and the Russian ruble at 6.46 tenge.
For those interested, the exchange rates at Kazakhstani exchange offices for the first half of the day on May 30 can be found here.
It's worth noting that the exact exchange rates for buying and selling foreign currencies like the US dollar, euro, and Russian ruble in Kazakhstani exchange offices can vary based on factors such as commission fees and market conditions. As a reference, previous exchange rates for these currencies were approximately as follows:
- US Dollar (USD): 1 KZT was approximately 0.001965 USD, meaning 1 USD was around 508.995652 KZT.
- Euro (EUR): The exchange rate for 1 KZT was about 0.001732 EUR, equating to approximately 577.389518 KZT per euro.
As always, market conditions are subject to change, so it's essential to keep abreast of the latest developments.
I, being a keen investor, observed the fluctuations in the industry on May 30, 2025. In the realm of finance, the global oil market exhibited an upward trend, with both August Brent futures and July WTI crude oil futures rising significantly. This upward trend in the energy sector could potentially impact my investment strategies in the future.
