Emerging Markets Companion

Home |   Asset Prices | News & Global Markets | Research | Search



Kazkommerts Securities

Kazakhstan Weekly News
Money Markets

April 26, 1999

Latest Kazakhstan Weekly News


During the week of 19-23 April the U.S. Dollar was traded at a low of KZT 113.52 and at a high of KZT 114.50 on the KASE. The week was generally characterised by an increased demand for dollars. The traded volumes fluctuated between USD 6,605,000 and USD 9,224,000.

Several transactions were reported for Deutsche Marks. This currency was traded at an average rate of KZT 61.90-62.10 per DM 1. The total traded volume reached DM 75,000.

On Tuesday, 20 April, there were trades of Euros as well. The average rate was KZT 120.80/Euro 1 and the traded volume was Euro 10,000.

From 24-26 April the National Bank set out the following Tenge rates: KZT 114.5/USD 1; KZT 123.66/Euro; KZT 63.23/DM 1. (IRBIS)

Currency Rates on the Currency Exchange (at close 23/04/98)

Currency

ForEx market rate

National Bank rate

KZT/USD

114.5

114.00

KZT/DM

61.95

62.66

KZT/EURO

120.80

122.55


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.
Please write us at feedback@emgmkts.com


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.