Dollar exchange rate is dropping: market update

Tengrinews.kz - The dollar exchange rate in Kazakhstan on December 3.

At the close of the daytime session on the Kazakhstan Stock Exchange (KASE), the weighted average dollar exchange rate was 523.17 tenge, reflecting a drop of 1.62 tenge. The official rate set by the National Bank of Kazakhstan for December 3 is 524.58 tenge per dollar.

According to kurs.kz, the average dollar exchange rate in Almaty exchange offices is currently 523.70 tenge for buying and 528.43 tenge for selling. In Astana, the average rates are 521.92 tenge for buying and 528.95 tenge for selling.

As a reminder, on December 2, the weighted average dollar exchange rate on KASE closed at 524.58 tenge, an increase of 12.06 tenge.

Deputy Prime Minister and Minister of National Economy Nurlan Baibazarov stated during a briefing that the government does not foresee the exchange rate of 600 tenge per dollar.