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Kazakh tenge strengthens against US dollar

Kazakhstan Materials 28 March 2016 15:42 (UTC +04:00)
Kazakhstan’s national currency tenge has strengthened against the US dollar.
Kazakh tenge strengthens against US dollar

Baku, Azerbaijan, March 28

By Elena Kosolapova - Trend:

Kazakhstan's national currency tenge has strengthened against the US dollar.

The official exchange rate of tenge was 340.42 KZT/$1 on March 28 against 344.41 KZT/$1 on March 25, according to Kazakhstan Stock Exchange (KASE).

The maximum rate of tenge was observed Jan. 1-5 - 340.01 KZT/$1 since the beginning of 2016, the minimum rate - Jan. 22 - 383.91 KZT/$1, according to Kazakhstan's National Bank.

The exchange rate of tenge began to decline after the country's National Bank switched to a floating rate in August 2015.

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