Kazakh tenge strengthens as dollar closes at 463.97 on KASE
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Kazakhstan’s tenge strengthens on Friday, closing at 463.97 per dollar on the Kazakhstan Stock Exchange, while Brent crude trades near $87.16 a barrel. The U.S. dollar index falls 0.2% to 99.5 after weak July retail sales and consumer confidence data trim expectations for a Federal Reserve rate hike in September.
Key Facts
- The dollar closes at 463.97 tenge on the Kazakhstan Stock Exchange on Friday, while Tengenomika reports a close of 463.26 tenge.
- Brent crude trades at $87.16 a barrel on Monday, supporting Kazakhstan’s export revenue.
- The dollar/Turkish lira rises 0.1% to 47.9010, and the euro/TL gains 0.3% to 55.5560.
- Money markets cut the probability of a Fed rate hike in September to about 30%, while Fed funds futures show a 66.9% chance of a hold next month.
- Kyrgyzstan’s National Bank keeps the official dollar rate at 87.45 som, and the ruble falls 0.49% to 1.0463 som, a four-month low.
Tenge Support
The dollar closes Friday's session on KASE at 463.97 tenge, down from 466.1 a week earlier. Tengenomika reports a close of 463.26 tenge on August 14, with trading volume of $310 million. Brent crude trades near $87.16 per barrel, supporting Kazakhstan's export earnings. Exports through the Caspian Pipeline Consortium show signs of stabilization after recent disruptions. The weekly average dollar rate is 465.2 tenge, with average daily turnover of $323.1 million.
Fed and Global Currencies
The dollar/Turkish lira rises 0.1% to 47.9010 by 09:40 Istanbul time, while the euro/TL gains 0.3% to 55.5560 and sterling/TL adds 0.2% to 64.9720. The yen firms 0.2% to 159.055 per dollar as Japan reports annualized GDP growth of 1.1%. The U.S. dollar index falls 0.2% to 99.5 after July retail sales drop 0.6%, the first decline since October 2025. The University of Michigan consumer sentiment index falls to 51 in August, below market expectations. Money markets cut the probability of a Fed rate hike in September to about 30%, and Fed funds futures show a 66.9% chance of a hold next month.
Kyrgyz Som and Ruble
Kyrgyzstan's National Bank keeps the official dollar rate at 87.45 som on August 17. Bishkek exchange offices and commercial banks quote the dollar at 87.3-87.4 som for purchase and 87.8 som for sale. The Russian ruble weakens 0.49% to 1.0463 som, the lowest since early April 2026. The euro rises 0.27% to 101.0528 som, holding above 101. Since the start of August, the ruble has lost 4.92% against the som.
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Kazakh tenge strengthens as dollar closes at 463.97 on KASE
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