On the Kazakhstan Stock Exchange (KASE), a steady strengthening of the tenge is observed — the national currency has been boosting its position against the dollar for three consecutive days. This dynamic is attracting market attention and may signal short-term shifts in the currency balance, reports Todayinfo.
According to Tuesday's trading results, the weighted average exchange rate on KASE stood at 457.21 tenge per dollar. Compared to the previous day, the tenge strengthened by 0.8%, or 3.6 tenge. For reference, on Monday the rate was at 460.80 tenge per dollar. Thus, over two days the national currency showed notable strengthening.
The official rate set for April 28 was 460.80 tenge per dollar. For April 29, based on the current calculation mechanism, it will be 457.21 tenge per dollar, reflecting the exchange dynamics. Overall, the situation on KASE reflects the current balance of supply and demand, where in recent days the national currency's position has been strengthening. If this trend continues, it could impact import prices and inflation expectations within the country. However, the sustainability of this trend remains uncertain and requires further monitoring.
