December 7, 1998
The Tenge devaluated by 20 points from 30 November to 4 December on the Almaty Financial Instrument Exchange (AFINEX). The traded volume of Dollars fluctuated sharply between USD 11,955,000 on Monday and USD 3,720,000 on Thursday. Deutsche Marks were not traded on the AFINEX last week. (AFINEX)
Currency Rates on the Currency Exchange (at close 04/12/98)
| Currency | ForEx market rate |
National Bank rate |
| KZT/$ | 83.20 |
82.90 |
| KZT/DM | No trades |
49.43 |
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. |