Tenge strengthens as dollar rate drops in Kazakhstan

Tengrinews.kz - The exchange rate of the US dollar in Kazakhstan declined on May 21, according to data from the Kazakhstan Stock Exchange (KASE).

By the end of the afternoon trading session, the weighted average dollar rate on KASE stood at 510.59 tenge, down 1.04 tenge compared to the previous session. The official exchange rate set by the National Bank of Kazakhstan for May 21 is 511.59 tenge per dollar.

According to kurs.kz, the average dollar buying rate in Almaty exchange offices is currently 510.77 tenge, while the selling rate is 512.62 tenge. In Astana, dollars are being bought at an average rate of 508.42 tenge and sold at 514.43 tenge.

Dollar drops below 500. Economists explain tenge’s strengthening

Previously, financial market experts shared their forecasts on the dollar exchange rate in Kazakhstan.