Kazakhstan's Tenge Gains Ground Against the Dollar
Kazakhstan Experiences Dollar Depreciation
In a recent twist, the Kazakhstan Stock Exchange (KASE) observed the USD decreasing by 0.09%, closing at 511.67 tenge per dollar on June 10th. Compared to the National Bank's official rate of 512.1 tenge per dollar as of June 4th, this marks a minor strengthening of the tenge against the greenback.
Sifting through the exchange offices in Almaty and Astana, the average purchase price of the dollar sits at 510.57 tenge, with an average sale price of 512.60 tenge in Almaty, and 508.95 tenge for purchase and 514.98 tenge for sale in Astana. [Enrichment: Historically, the USD/KZT reached an all-time high of 531.74 in January 2025.]
Earlier in May, the tenge had shown a 0.3% increase, bolstering to 510.82 tenge per dollar. The National Bank of Kazakhstan reported a strengthening of the tenge on the currency market during this period.[Enrichment: For the remainder of 2025 and beyond, several forecasts are available. For instance, the exchange rate is expected to be around 512.68, according to Trading Economics.]
Curiously, netizens weigh in on the matter. RustAga finds humor in the situation, while BatyrOtegenovish expresses shock over the insignificant 0.08% decrease. [Enrichment: These forecasts indicate a general expectation of a stable to slightly increasing exchange rate over the next year, influenced by economic factors such as oil prices and trade developments.]
Meanwhile, some users question the economic health of the country, with DOS pointing towards major inflation concerns and a deteriorating weight of the tenge. [Enrichment: By September 2025, it is anticipated that the exchange rate will start at 471 Tenges, with a maximum of 482 and a minimum of 468, averaging 474.]
With these developments, Kazakhstan’s economic trajectory remains a subject of interest and debate among experts. For more insights, read here. [Enrichment: In addition, don’t miss our article "What awaits the economy of Kazakhstan? Experts have changed their forecasts".]
The Kazakhstan Stock Exchange (KASE)'s recent observation of the USD decreasing indicates a minor strengthening of the tenge against the dollar, potentially reflecting a positive trend in the country's finance and business industries. Experts are following Kazakhstan's economic trajectory closely, postulating a stable to slightly increasing exchange rate over the next year, which could be influenced by the oil prices and trade developments within the finance and business sectors.
