Kazakhstan's currency, the Dollar, witnessing another surge in value.
Kazakhstan Stock Exchange: Dollar Closes at 510.81 Tenge after Rising 1.69
Trading in foreign currency instruments on the Kazakhstan Stock Exchange (KASE) has concluded, according to reports from Liter.kz. The United States dollar averaged 510.81 tenge at the close of trading, marking a rise of 1.69 tenge.
In contrast, the official dollar rate set by the National Bank for May 30 remains at 509.26 tenge. Meanwhile, exchange offices have established the following average rates:
- Dollar: Purchasing - 510.5 to 511.5 tenge, Selling - 512 to 512.5 tenge
- Euro: Purchasing - 577 to 579 tenge, Selling - 582 to 583 tenge
- Ruble: Purchasing - 6.39 to 6.41 tenge, Selling - 6.45 to 6.5 tenge
While specific foreign currencies that have increased in value in Kazakhstan are not easily accessible in the search results, the Kazakhstan Tenge (KZT) has seen fluctuating exchange rates with the US Dollar. On May 11, 2025, the KZT reached a worst exchange rate of 0.0019 USD, signifying a strengthening of the US Dollar relative to the KZT.
For a complete analysis of currency fluctuations in Kazakhstan, additional research may be required, such as consulting historical exchange rate data or reports from relevant financial institutions or central banks in the country.
The increase in the US Dollar's value on the Kazakhstan Stock Exchange (KASE) could potentially impact the banking-and-insurance industry, considering they operate in dollars. The fluctuating exchange rates between the Kazakhstan Tenge (KZT) and the US Dollar, as observed in recent months, are of significant interest to the finance industry.
