Dollar's Value Plunges on the 28th of April
In the cash markets, the closing exchange rate for the US dollar stood at 513.68 tenge, witnessing a minor drop of 1.3 tenge. The average Russian ruble rate witnessed an increase, reaching 6.22 tenge (+0.01). The yuan rate opened at 70.45 tenge and experienced a decline of 0.29 tenge at the morning trading session.
In exchange offices, USD was bought and sold between 513.1 and 515.5 tenge, while euros were traded within the range of 583 and 587.5 tenge. Rubles were exchanged at rates between 6.05 and 6.17 tenge.
Global oil prices slipped during trading on April 28, 2025. The price of July Brent futures fell by 0.08%, settling at $65.75 per barrel in electronic trading at ICE Futures. June WTI oil futures decreased by 0.03%, reaching $63 per barrel in transactions at NYMEX.
In the morning, the National Bank set the following rates:- USD: 515.03 tenge- EUR: 584.82 tenge- RUB: 6.24 tenge
You can find more specific rates for exchange offices' buying/selling foreign currency transactions in the first half of the day on April 28, 2025, by clicking here.
While the official rates set by the National Bank serve as a baseline, exchange offices usually apply their own spreads for buying and selling transactions. The average USD buying rate mentioned on kurs.kz aligns closely with the National Bank's rate, suggesting minor fluctuations in market rates. KASE trading indicates a weakening dollar trend, possibly indicating minor deviations from the official figures.
- I found that the buying rate for USD in exchange offices, as listed on kurs.kz, aligned closely with the National Bank's rate, suggesting minor fluctuations in market rates.
- In response to the weakening dollar trend indicated by KASE trading, the average USD buying rate experienced minor deviations from the official figures.
- In the finance industry, the average currency exchange rate for the US dollar (USD) on kurs.kz was affected by the weakening dollar trend, as indicated by the deviations from the official rate set by the National Bank.
- In the energy sector, the decline of July Brent futures on ICE Futures and June WTI oil futures on NYMEX during trading on April 28, 2025, could be seen as a reflection of the minor drop in the USD's value, as observed in exchange offices' buying rates.
