Foreign exchange rates for vacation purposes between May 9-11, including weekends
New Dollar, Euro, Ruble, and Yuan Rates against Tenge
The latest exchange rates at closing showed the average dollar rate was 516.04 tenge, a gain of 1.55 tenge. The euro rate hit 583.52 tenge, rising 0.82. The average Russian ruble rate dropped to 6.28 tenge, shedding 0.08. The Chinese yuan rate decreased to 71.26 tenge, shedding 0.04.
At the morning trade, dollars were bought or sold between 516.2-518.5 tenge, euros traded between 583.1-587.5 tenge, rubles traded between 6.12-6.24 tenge.
On May 8, 2025, the National Bank set the dollar rate at 514.5 tenge, the euro at 582.67 tenge, the ruble at 6.35 tenge.
Let's delve into the recent trends of these currencies against the tenge:
Dollar (USD): Historically, the tenge-to-dollar rate hovered around 0.0019 USD per tenge. Lately, there's a slight depreciation of the tenge against the dollar, with the rate averaging close to the historical rate.
Euro (EUR): The tenge-to-euro rate has been trending downwards, with the rate around 0.001719 EUR per tenge in early May, marking a slight decline from the historical average.
Russian Ruble (RUB) and Chinese Yuan (CNY): Economic conditions and geopolitical factors affecting both currencies substantially impact their relationship with the tenge. Specific historical data for the KZT-to-RUB and KZT-to-CNY rates isn't readily available.
The lack of specific data for RUB and CNY makes it challenging to provide a detailed comparison. However, overall, exchange rates can vary based on economic conditions, monetary policy, and international trade dynamics. The tenge appears to have exhibited a slight depreciation against major currencies like the USD and EUR, as compared to the rate set by the National Bank on May 8, 2025.
I, as an individual investor, keep a close eye on the tenge-to-dollar and tenge-to-euro exchange rates to manage my finance effectively. I notice that the tenge has exhibited a slight depreciation against the dollar and euro in recent times, making it crucial to adjust my finance strategies accordingly.
