Kazakhstan tenge strengthens to 471.26 per dollar on KASE
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The weighted average dollar exchange rate on the Kazakhstan Stock Exchange fell by 0.73 tenge to 471.26 tenge on Thursday. Trading volume dropped by $41.42 million to $350.85 million.
Exchange Rate Movement
The Kazakhstan tenge strengthened against the US dollar on Thursday, with the weighted average rate falling to 471.26 tenge per dollar on the Kazakhstan Stock Exchange (KASE). The decline of 0.73 tenge marks a continued trend of tenge appreciation in recent sessions. Trading volume decreased by $41.42 million to $350.85 million, indicating lower market activity.
Cross Rates
The euro traded at 548.16 tenge, the Russian ruble at 6.64 tenge, and the Chinese yuan at 69.30 tenge. These cross rates reflect the tenge's relative strength against major currencies. The ruble rate is particularly notable given Kazakhstan's close trade ties with Russia.
Livestock Development Plan 2026-2030
The Kazakh Government approved a Comprehensive Livestock Development Plan for 2026-2030, focusing on increasing livestock numbers, productivity, and export potential. Livestock farming currently accounts for a significant share of agricultural output.
Exchange Rate in Bureaus
In Kazakh exchange offices, the dollar fell sharply. In the capital's exchange points, the selling rate averaged 475 tenge per dollar, while the buying rate was 468 tenge per dollar.
What's Next
The tenge's trajectory will depend on global oil prices and central bank policy. Analysts remain uncertain whether the current strengthening trend will persist amid external economic pressures.
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Kazakhstan tenge strengthens to 471.26 per dollar on KASE
