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
|Exchange Rate (vs USD, aop)||223.3||342.0||326.3||345.2||383.0|
5 years of economic forecasts for more than 30 economic indicators.
Kazakhstan Exchange Rate (aop) Chart
|Exchange Rate||382.9||0.32 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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.
February 16, 2021
A preliminary estimate released on 16 February revealed the economy was down 2.6% in 2020.
February 12, 2021
Industrial output dropped 4.1% in January in annual terms (December: +0.3% yoy).
February 1, 2021
Consumer prices rose a seasonally-adjusted 0.60% over the previous month in January, slowing down from December's 0.87% increase.
January 25, 2021
The National Bank of Kazakhstan (NBK) decided to keep the base rate at 9.00% at its 25 January meeting, marking the third consecutive hold, after having cut it by 50 basis points in July 2020.
January 12, 2021
Industrial production expanded 0.3% year-on-year in December (November: -2.9% yoy).