Tenge reacted to unprofitable management of the National Fund



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ASTANA, July 31 – Sputnik. The weighted average price of morning and afternoon trading on the Kazakhstan Stock Exchange was 346.70 tenges per dollar, so Kazakh currency lost 0.36 tenge

. who "upset" the tenge? According to badyst GC Forex Club, the results of the Monday afternoon session on the Kazakhstan Stock Exchange have brought down the tenge rate for today's calculations. . to the American currency for another tenge of 0.62 (according to the results of the morning session on the eve of it, he lost 1.14 tenge). The volume of transactions is $ 138.05 million, or $ 40.05 million more than in the previous session.

He notes that the morning trading has ended with a minimum deal at 346.5 tenge and the maximum at 347.41 tenge. This tenge rate has become minimal in the last two years.

"The currency of Kazakhstan continues to weaken against the dollar, despite rising prices on the world oil market.On Monday evening, prices of" black gold "rose more than 1% – above the $ 75 mark a barrel of Brent – because of investor concerns about a possible reduction in the supply of raw materials in the market.The news was also unfavorable as the losses of Investment management of the National Fund of Kazakhstan in the first half of this year exceeded two billion dollars.We can expect that in the short term, the tenge continues to weaken its positions against the dollar and give him another tenge of 0.75-1.5 ", says the expert.

Negative news for the tenge exchange was the message that Kazakh suppliers coal will not benefit from priority access to Russian ports. Previously a similar agreement was to be signed between the authorities of Russia and Kazakhstan

The exchange rate of the dollar in the exchange offices

In the interchanges of Astana and Almaty, the dollar is sold at 347-348 tenge per unit of US currency. [ad_2]
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