01.10.2015, 09:30
FROM OCTOBER 1 KASE BEGINS RELEASING WEIGHTED AVERAGE USD/KZT EXCHANGE RATE CALCULATED UPON TWO SESSIONS
OREANDA-NEWS. Kazakhstan Stock Exchange (KASE or Exchange) announces that from October 1, 2015 it will release on the page of its website devoted to results of foreign currencies trading (http://www.kase.kz/en/cur), the weighted average exchange rate of the US dollar against the tenge, calculated based on results of the two sessions – morning (main) and day (additional), as well as the combined volume of respective trade.
The purpose of this change is setting up an adequate benchmark on the foreign currencies market in conditions of the free floating exchange mode for tenge declared by the National Bank of Republic of Kazakhstan.
KASE draws attention of market participants to the fact that the US dollar weighted average rate calculated based on results of the morning (main) session, as before will be used by the Exchange for various purposes specified in internal documents of KASE as indicator defining the tenge's value in the main reserve currency of the world as of the current day.
The purpose of this change is setting up an adequate benchmark on the foreign currencies market in conditions of the free floating exchange mode for tenge declared by the National Bank of Republic of Kazakhstan.
KASE draws attention of market participants to the fact that the US dollar weighted average rate calculated based on results of the morning (main) session, as before will be used by the Exchange for various purposes specified in internal documents of KASE as indicator defining the tenge's value in the main reserve currency of the world as of the current day.
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