The exchange rate of the tenge to the dollar in 2026 is projected to be 535 (macro forecast of the EDB).

Владислав Вислоцкий Economy
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- It is expected that the average annual exchange rate of the Kazakh tenge to the US dollar in 2026 will be 535 tenge per dollar, according to the macroeconomic forecast of the Eurasian Development Bank (EDB) for 2026-2028.

For 2025, the EDB anticipates an exchange rate of 525 tenge per dollar.

Supporting factors for the exchange rate will be the high base rate and the continued obligations of the quasi-public sector to sell 50% of export revenue on the domestic market.
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