Foreign currency exchange rates as of September 23:
Alright, here's a fresh take on the exchange rates in Kazakhstan! 🌟
Let's hop right in and check out the current exchange rates, shall we?
As of now, here's what you can expect:
- USD to KZT: 423.41 (US Dollar)
- EUR to KZT: 496.91 (Euro)
- RUB to KZT: 5.57 (Russian Ruble)
- GBP to KZT: 541.33 (British Pound)
- Try to KZT: 55.4 (Turkish Lira)
- UAH to KZT: 15.03 (Ukrainian Hryvnia)
- CNY to KZT: 62.42 (Chinese Yuan)
- KGS to KZT: 5.37 (Kyrgyz Som)
But wait! Let's dive a bit deeper and see what experts predict for the future.
Analysts have their eyes on a significant shift in KZT/USD rates. By the year 2025, they reckon the average rate could be around 512.8 tenge per dollar. The decrease in oil prices is to blame for the recent weakening—Brent crude is forecasted to be just $74.6/barrel by then [3]. Halyk Finance projected a range of 505-515 tenge per dollar in late April [3], while May 2025 forecasts suggest 450-535 tenge per dollar across various models [5].
A separate May 2025 rate from the UK government gives us 710 KZT per GBP, but that's specific to GBP conversions rather than KZT/USD [4].
Now, let's talk about what's affecting these rates. We're looking at oil price volatility (Brent crude dropped by $6.4/barrel since January [3]), geopolitical risks such as U.S. tariff policies, and regional conflicts [3]. It's worth mentioning that the National Bank of Kazakhstan is actively working to stabilize the tenge amidst these pressures [3].
For the most accurate, up-to-the-minute official rates, be sure to check out the National Bank's real-time updates! hasta la vista, amigos!
- Based on expert analysis, the average exchange rate for KZT to USD is predicted to be around 512.8 tenge per dollar by the year 2025.
- Halyk Finance, a financial institution in Kazakhstan, anticipates the exchange rate for KZT to USD to range between 505 and 515 tenge per dollar in late April 2025.
- The banking and insurance industry in Kyrgyzstan might be interested to know that the exchange rate for KGS to KZT is 5.37 Kyrgyz som per tenge as of today.
- This analysis also reveals that the exchange rate for GBP to KZT is predicted to be 710 KZT per pound, but this rate is specific to GBP conversions rather than KZT/USD.
