Exchange Rate in Kazakhstan

Kazakhstan Exchange Rate (aop) | Economic News & Forecasts

Kazakhstan - Exchange Rate (average of period)

Tenge recovers lost ground in May

Kazakhstan’s tenge (KZT) strengthened notably against the U.S. dollar in May and at the start of June, after having sunk to a record low in March. The currency ended 5 June at KZT 400 per USD, marking a 6.1% appreciation over the same day in May. That said, the currency was still down 4.2% on a year-to-date basis and 3.8% year-on-year after March’s sharp fall amid plunging oil prices and downbeat investor sentiment.

The strengthening largely reflects recent reserves selloffs by the central bank and state-owned entities to transfer money to the government, which puts upward pressure on the currency. The central bank sold over USD 1.0 billion from the rainy-day National Fund in May. In addition, a recent rise in oil prices has also relieved some downward pressure on the currency.

Our panel sees the tenge ending 2020 at 433 per USD and 2021 at 429 per USD.

Kazakhstan - Exchange Rate (aop) Data

2015   2016   2017   2018   2019  
Exchange Rate (vs USD, aop)223.3  342.0  326.3  345.2  383.0  

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Kazakhstan Exchange Rate (aop) Chart

Kazakhstan Exchange Rate
Note: Exchange Rate (vs USD, aop)

Kazakhstan Facts

Value Change Date
Exchange Rate382.90.32 %Jan 01
Stock Market0.10.0 %Jan 07

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