Dollar appreciates on May 28th.
The Kazakhstani Tenge strengthened against the U.S. Dollar on May 28, trading at an average rate of 512.66 Tenge, marking a 0.52 Tenge increase. The Russian Ruble, conversely, weakened to 6.39 Tenge (-0.01). The Chinese Yuan started the day at 71.30 Tenge (-0.03).
In Kazakhstani exchange offices, dollars are bought and sold for a range of 511.7 to 514.5 Tenge, while euros are transacted at rates between 578-582 Tenge. Russian Rubles exchange hands at 6.29-6.41 Tenge.
Global oil prices experienced growth during trading on May 28, as the price of August Brent futures on ICE Futures rose by 0.13%, closing at $63.65 per barrel. Similarly, July WTI crude oil futures on NYMEX increased by 0.18%, ending the day at $61 per barrel.
The National Bank had set the day's exchange rates as follows: 512.16 Tenge for the U.S. Dollar, 580.94 Tenge for the Euro, and 6.39 Tenge for the Russian Ruble.
[No public data was published for specific exchange office buy/sell rates during the first half of May 28, 2025.]
Typically, exchange office rates in Kazakhstan closely follow the National Bank's rates, with a small margin added for profit. For instance, on May 28, third-party platforms like ExchangeRate.com reported a buy rate for USD/KZT of 510.89 and a sell rate of 512.05, although actual in-office spreads can vary.
Global financial and news outlets provided key official and interbank rates for May 28, 2025, with the weighted average exchange rate of the US dollar on the Kazakhstan Stock Exchange being ₸512.14 on the previous day. However, no specific hourly breakdown for buying and selling rates during the first half of May 28 was available in the sources consulted.
I, being an investor in the Kazakhstani economy, am keeping a close eye on the exchange rates as they influence my transactions in the finance industry. With the energy sector experiencing growth, especially in oil prices, a strong Tenge could potentially yield profitable returns, given the relatively low buy and sell rates of the U.S. Dollar in Kazakhstan's exchange offices.
