Today September 1st 2016 the Kazakh Tenge traded
at 340.15 to $1 dollar, it hasn’t been pretty for the Tenge, last week it was relatively
flat against the US Dollar only going down 0.32% but last month it was down
3.92% against the US Dollar. We have
seen some come back from its all-time high of 386.44 to 1 dollar which was in January
of 2016 but it is still a long way to go to get back to its record low of 84.40
in January of 1999. With continued low energy prices on the horizon and
increasing unrest in former CIS nations as well as its neighbors we believe the
Tenge will continue to be weak, but exciting to watch.
