Dollar's value decreased on the 29th of April
Fresh Take:
Here's a rundown of the exchange rates on April 29, 2025. Buckle up!
The big drop in the dollar's value closed the trading day at an average of 512.32 tenge, shedding another 1.18 tenge. The Russian ruble, on the other hand, saw a slight uptick, with an average rate of 6.24 tenge (+0.02). The yuan held steady with an average rate of 70.40 tenge (-0.04) in the morning.
In the bustling exchange offices, dollars are swapped for 511.5 to 513.9 tenge, euros for 583.5 to 587.5 tenge, and rubles for 6.11 to 6.23 tenge.
The downtrend in global oil prices continued on April 29. As a result, Brent crude oil futures fell below $65 per barrel for the first time since April 16, trading at $64.87 (-1.19%). The WTI crude oil futures contract for June delivery likewise dipped by 0.86% to $61.13 per barrel.
Eager to check out the rates at which Kazakhstani exchange offices exchanged foreign currency in the first half of April 29? Click here for the breakdown!
(For the records, the National Bank set the dollar rate at 513.68 tenge, the euro at 583.03 tenge, and the ruble at 6.24 tenge in the morning.)
Enrichment Data:- Dollars: The National Bank of Kazakhstan set the official rate for dollars on April 29 at 513.68 tenge[1].- Euros: X-Rates data reveals an exchange rate of approximately 583.02 tenge per euro for April 29[3].- Rubles: Information on the exchange rate for rubles in Kazakhstani exchange offices on April 29 is not readily available[2]. Local currency exchange services or financial news sites that specialize in ruble exchange rates would typically provide the most accurate rate.
- I was surprised to find that the average exchange rate for one dollar was 512.32 tenge on April 29, 2025, according to the exchange rates rundown.
- The falling prices of Brent crude oil futures on April 29, 2025, might impact the futures of Kazakhstani economy, considering Kazakhstan's oil-rich status, as Brent crude oil futures fell below $65 per barrel.
- In the midst of the falling global prices, it might be rational for some to consider investing in Russian rubles as they showed a slight uptick on April 29, with an average rate of 6.24 tenge. However, the exact exchange rates for rubles in Kazakhstani exchange offices are not readily available and would require further inquiry from local currency exchange services or financial news sites.
