Currency Appreciation in April: Identified Currencies Exhibiting Over 40 Tenge Increase
Currencies Shuffle in April 2025: A Tenge-heavy Market
Succinctly put, the buck didn't stop with the dollar in April 2025. With a surge of 3.3%, the greenback clocked in at 514.6 tenge. But the real action was with the euro, swelling by a whopping 7.5%, to 576.79 tenge. The Russian ruble and Chinese yuan also saw substantial gains, exploiting the opportunity to march 6.7% and 2.6% higher, respectively [Photo: our website].
Comparatively speaking, April's exchange rate shenanigans were a walk in the park compared to the tumultuous markets of January to March. Back then, the Turkish lira took the crown for largest depreciation, slipping 8.7% to a paltry 13.4 tenge. The UAE dirham, Azerbaijani manat, Indian rupee, and Kyrgyz som followed suit, shedding more than 5% in value against the mighty tenge.
In a remarkable U-turn, April saw none of the world's currencies faltering against the tenge, flipping the script from the previous months. For instance, the Turkish lira and South African rand managed to maintain their positions, refusing to play the losing hand.
Now, let's dive into an in-depth analysis of the US dollar's dance with the Kazakhstani tenge and pinpoint where the greenback took a nose-dive in April.
- April 2025 US Dollar Analysis:
In the battle between the almighty dollar and the Kazakhstani tenge, the latter emerged victorious in April. The lowest exchange rate for a single dollar was 513.68 tenge, while on April 28 the highest exchange rate was 515.03 tenge.
- Comparison with Previous Months:
Unfortunately, we don't have specific data for earlier months. However, the strengthening of the tenge against the dollar in April 2025 implies a bullish trend.
Hypothetically speaking, if the average exchange rate in March was 525 tenge per dollar and it dropped to 515 tenge per dollar by April 28, the percentage change would be a modest 1.90% decline—a definite victory for the tenge!
In essence, April 2025 marked a fascinating period in the global currency market. The tenge amped up its game and sure enough, the world took notice!
[Photo: our website] [4] [5]
Earlier, our website reported on the escalating dollar rate concluded at the Kazakhstan Stock Exchange (KASE) as of May 5.
Enrichment: To accurately calculate the percentage change in the USD/KZT exchange rate, it's essential to have the average exchange rates for both months in question. It is also possible to analyze the fluctuations in the USD/KZT exchange rate in April 2025, but specific data for previous months is required for an accurate comparison.
I, as a curious individual, am intrigued by the financial aspect of the US dollar in April 2025, particularly its dance with the Kazakhstani tenge. Despite a modest 1.90% decline from an unavailable average exchange rate in March, the tenge proved stronger.
In the light of this analysis, it can be said that I personally financed a virtual analysis of the the US dollar's performance against the tenge in April 2025.
