ASTANA, Kazakhstan, August 8. In July 2025, the exchange rate of the Kazakhstani tenge decreased by 4 percent, reaching 540.72 tenge per US dollar, Trend reports via Kazakhstan’s National Bank.
In light of heightened speculative dynamics and diminished
liquidity within the forex ecosystem, the National Bank of
Kazakhstan implemented strategic interventions to mitigate
volatility and restore equilibrium. On July 30, a series of
currency interventions were executed, totaling 125.6 million US
dollars, effectively mitigating speculative dynamics and securing
essential liquidity provisions.
The mean quotidian transaction throughput on the Kazakhstan Stock
Exchange in July escalated from $235 million in June to $260
million, culminating in a cumulative trading volume of $5.7
billion. The data points indicate an escalation in transactional
volume within the nation's forex ecosystem.
Additionally, in July, 290 billion tenge ($551 million) was sterilized as part of mirror operations, and similar measures to sell currency for an equivalent amount are planned for August. The National Bank adheres to the principle of market neutrality, ensuring regular and even foreign currency sales to avoid sharp exchange rate fluctuations and maintain financial system stability.
In general, the dynamics of the tenge exchange rate in the short term will depend on various factors, including market participants' expectations, quarterly tax payments, global market changes, and the geopolitical situation. The National Bank will continue to follow a flexible exchange rate regime aimed at preventing imbalances and preserving foreign exchange reserves.
