Exchange Rate in Kazakhstan
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 |
Kazakhstan Exchange Rate (aop) Chart
Kazakhstan Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 382.9 | 0.32 % | Jan 01 |
| Stock Market | 0.1 | 0.0 % | Jan 07 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
Kazakhstan: Inflation comes in at highest level since September 2016 in July
August 1, 2022
Consumer prices rose 1.10% in July over the previous month, coming in below the 1.60% rise seen in June.
-
Kazakhstan: Central bank raises its policy
July 25, 2022
At its latest meeting on 25 July, the National Bank of Kazakhstan (NBK) decided to raise its base rate by 50 basis points to 14.50%, following its decision to stand pat in early June.
-
Kazakhstan: Industrial output records largest decline in over one year in June
July 14, 2022
Industrial output declined 1.3% compared to the same month a year earlier in June, which contrasted May's 3.1% increase.
-
Kazakhstan: Industrial output growth improves in May
June 15, 2022
Industrial output rose 3.1% compared to the same month a year earlier in May, which followed April's 1.2% increase.
-
Kazakhstan: Inflation comes in at highest level since September 2016 in May
June 1, 2022
Consumer prices increased 1.4% over the previous month in May, a smaller increase than the 2.02% increase recorded in April.
© Copyright: 2022. | Kazakhstan Exchange Rate | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
