DKnews.kz reports that the exchange rate forecast for the Kazakhstani tenge from August 4 to 11, 2025, will continue to be shaped by familiar factors.
At the start of August, the tenge remains under pressure from strong domestic demand for foreign currency, driven by the vacation season and an increase in import-related payments. Uncertainty surrounding U.S. foreign policy and the potential for new sanctions also continues to weigh heavily on the market.
Other contributing factors include a decline in export revenues and a weaker-than-usual flow of foreign currency sales from exporters. Despite these pressures, Kazakhstan's fundamental economic conditions remain stable: Brent crude prices are holding above $70 per barrel, and inflation continues to slow down.
However, the recent revision of the official budget rate for the coming year has intensified devaluation expectations, which in turn has spurred speculative activity in the currency market.
Looking ahead to the coming week, the expected exchange rate ranges for major foreign currencies are as follows:
- US Dollar: 530–550 KZT
- Euro: 600–620 KZT
- Russian Ruble: 6.50–6.80 KZT
- Chinese Yuan: 74–76 KZT
