September 28, 1998
During the week of September 21-25, the Tenge decreased slightly to 80.20-80.40 per USD on the Almaty Financial Instrument Exchange (AFINEX) from 79.70-79.98 during the previous week. Traded volumes fluctuated significantly with a minimum of USD 360,000 on Monday and a maximum of USD 12,195,000 on Wednesday. On Friday, September 25, the traded volume decreased to a conservative level of USD 4,300,000.
Deutsche Marks were not traded on the AFINEX last week.
Currency Rates on the Currency Exchange (at close 25/09/98)
| Currency | ForEx market rate |
National Bank rate |
| KZT/$ | 80.40 |
79.70 |
| KZT/DM | No trades |
47.58 |
| KZT/RR | 7.00* |
7.00 |
*Interbank currency market
Kazakhstan Weekly News is also available free of charge on E-mail. To subscribe via E-mail, please contact us on Lydia@kazks.kz or Madina@kazks.kz.
| Home | Asset Pricing | News & Analysis | Research | Related Sites | Table of Contents | Search We welcome your comments, opinions,
and submissions to EMC. Copyright ©
1996-2000, The Emerging
Markets Companion, and/or its licensors. All Rights Reserved. The
information herein was obtained from sources which The Emerging Markets Companion, Inc.
and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the
information, nor any opinion expressed, constitutes a solicitation of the purchase or sale
of any securities or commodities. Please
read our full disclaimer. |