Dollar's value increased by 6 tenge on July 17th
## Updated News: Recent Trends in Kazakhstan's Currency Exchange Rates
New developments have emerged in the Kazakhstan currency market, providing insights into the current state and trends of the nation's exchange rates.
### Euro-Tenge Exchange Rate
As of July 17, 2025, the National Bank of Kazakhstan reported an exchange rate of €1 equating to approximately ₸613.31[5]. This slight increase from the previously reported rate of €1 = ₸611.64[4] indicates a minimal appreciation of the Euro against the Kazakhstan Tenge.
### Dollar-Tenge Exchange Rate
The official rate on July 17, 2025, for the US dollar remained at $1 = ₸526.50[4]. However, it is worth noting that the US dollar has strengthened against the tenge in the second week of July 2025, with notable daily volatility and a peak-to-trough move of about ₸14 over seven days[3]. The sell price for the dollar is now between ₸532 and ₸534 tenge[6].
### Ruble-Tenge Exchange Rate
The buy price for the Russian ruble is now between 6.77 and 6.8 tenge[7]. This slight increase from the previously reported range of 6.7 and 6.73 tenge reflects a slight weakening of the Kazakhstan Tenge against the Russian Ruble.
### Oil Price Context
Given the absence of current oil price data, it is worth noting that Kazakhstan’s currency, the tenge, has historically shown a correlation with global oil prices due to the country’s significant oil exports. A rise in oil prices typically supports the tenge, while a fall can exert downward pressure.
## Key Takeaways
- **The US dollar is currently strengthening against the Kazakhstani tenge**, with increased volatility in the past week[3]. - **The Euro remains relatively stable** against the tenge, with only minor fluctuations[1][4]. - **The Ruble has slightly appreciated against the tenge**, with the buy price for the ruble increasing from the previously reported range[6][7]. - **Monitoring the National Bank of Kazakhstan’s official rates and global oil market trends** remains essential for understanding near-term currency dynamics. - The average exchange rate of the dollar in Kazakhstan's exchange offices on the specified date is not provided.
- Despite historical correlations with oil prices, the current strengthening of the US dollar against the Kazakhstani tenge, along with increased volatility in the past week, suggests a significant influence from the finance industry.
- With only minor fluctuations, the relative stability of the Euro against the Kazakhstani tenge in the energy sector may indicate a more resilient market in the face of global economic changes.
