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Kazkommerts Securities

Kazakhstan Weekly News
Money Markets

October 5, 1998

Latest Kazakhstan Weekly News


Between September 28 and October 2 the Dollar price at closure on the Almaty Financial Instrument Exchange (AFINEX) increased from 80.40 to 80.71. The minimum traded volume, USD 30,000, was reported on Thursday, September 1. That day both sellers and buyers didn't want to give up each other. The former wanted to sell at 80.70 whereas the latter were seeking Dollars for no more than 80.61. On Friday, however, the Tenge closed at 80.71 and the traded volume soared to USD 6,380,000. Deutsche Marks were traded only once, at the end of the session. The traded volume was 25,000.

Currency Rates on the Currency Exchange (at close 02/10/98)

Currency

ForEx market rate

National Bank rate

KZT/$

80.71

80.20

KZT/DM

48.85

48.17


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