As of April 24, 2025, the currency exchange rates in Kazakhstan reflect a slight fluctuation in the value of the US dollar against the tenge, according to the National Bank of the Republic of Kazakhstan. The exchange rates are as follows: 1 US Dollar (USD) equals 518.34 tenge (KZT), 1 Euro (EUR) equals 591.06 KZT, and 1 Turkish Lira (TRY) equals 13.54 KZT. Other notable rates include the Kyrgyz Som (KGS) at 5.97 KZT, the UAE Dirham (AED) at 141.13 KZT, the British Pound (GBP) at 689.55 KZT, the Chinese Yuan (CNY) at 71.12 KZT, the Russian Ruble (RUB) at 6.27 KZT, and the Ukrainian Hryvnia (UAH) at 12.41 KZT.
In the two largest cities of Kazakhstan, Almaty and Astana, the currency exchange rates on April 23, 2025, show some variation. In Almaty, the buying and selling rates for the US dollar were reported as follows: purchase at 519.10 KZT and sale at 521.61 KZT. The Euro was bought at 592.50 KZT and sold at 598.68 KZT, while the Ruble was purchased at 6.26 KZT and sold at 6.38 KZT.
Meanwhile, in Astana, the dollar was bought at 516.60 KZT and sold at 522.60 KZT. The Euro's rates were slightly lower, with purchase prices at 590.40 KZT and sales at 597.40 KZT. The Ruble in the capital city was bought at 6.27 KZT and sold at 6.41 KZT.
The fluctuations in exchange rates have led to discussions among financial experts about the potential future movements of the dollar. Some experts have speculated whether the dollar could rise to 600 tenge, following the trend set by the Euro. This speculation comes at a time when the average weighted dollar exchange rate on the Kazakhstan Stock Exchange (KASE) was reported at 518.34 KZT on April 23, 2025, which marks an increase of 0.15 KZT from the previous day.
According to the official rate set by the National Bank for April 23, 2025, the dollar was valued at 518.07 KZT, reflecting a decrease of 3.15 KZT from the previous trading day. The average weighted dollar exchange rate for April 22, 2025, had been lower, indicating a potential upward trend in the dollar's value.
In Almaty, the current market conditions show that the dollar is being sold for an average of 520.96 KZT, while the Euro trades within a range of 591.12 to 596.98 KZT. The Ruble is also seeing some activity, with rates fluctuating between 6.20 and 6.33 KZT. In Astana, the dollar's selling price is slightly higher, with a reported rate of 522.69 KZT, while the Euro is being sold for between 596.53 KZT and 589.50 KZT.
These ongoing changes in currency values are closely monitored by traders and economists alike, as they can have significant implications for the overall economy of Kazakhstan. The fluctuations not only affect import and export businesses but also impact everyday consumers who rely on currency exchanges for various transactions.
As the global economy continues to evolve, the relationship between the tenge and major currencies like the dollar and Euro remains a crucial topic for financial analysts. The potential for the dollar to reach 600 tenge is a subject of debate, with various factors influencing this possibility, including international market trends and domestic economic policies.
In summary, the currency exchange landscape in Kazakhstan is marked by slight increases in the dollar's value, reflecting broader economic trends. The rates provided by the National Bank and observed in major cities like Almaty and Astana offer a snapshot of how the currency market is responding to both local and international pressures.
