National Bank Sets Weekend Dollar Rate at 465.08 Tenge
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The National Bank of Kazakhstan set official exchange rates for August 15-16 at 465.08 tenge per dollar, 536.52 tenge per euro and 5.56 tenge per ruble. The weighted average dollar rate in exchange trading fell 1.07 tenge to 463.97 tenge, while the euro eased to 535.71 tenge.
Official Weekend Rates
The National Bank of Kazakhstan set official exchange rates for August 15-16 at 465.08 tenge per US dollar, 536.52 tenge per euro and 5.56 tenge per Russian ruble, Zakon.kz reported. The regulator published the rates on August 14. The official ruble rate of 5.56 tenge contrasted with the weighted average ruble rate of 6.74 tenge recorded in trading.
Market Trading Results
The weighted average dollar rate fell by 1.07 tenge to 463.97 tenge by end of trading. The euro decreased 0.74 tenge to 535.71 tenge, while the Chinese yuan traded at 68.89 tenge, down 0.04 tenge. Exchange offices across Kazakhstan quoted dollar bid/offer prices at 463.58-465.72 tenge, euro at 532.90-538.02 tenge, and ruble at 5.31-5.46 tenge.
What's Next
The National Bank of Kazakhstan is expected to publish its next official exchange rate for August 17 on Monday. It remains unclear whether the official ruble rate of 5.56 tenge will hold, given the weighted average ruble rate of 6.74 tenge in trading.
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National Bank Sets Weekend Dollar Rate at 465.08 Tenge
