Coverage, Periodicity, and Timeliness

Coverage characteristics

The data is presented on the following exchange rates:

1. The official exchange rates of KZT to 39 key currencies and SDR are fixed daily. The official exchange rate of Tenge versus US dollar is the weighted average rate of Tenge versus US dollar set on the morning session of the Kazakh Stock Exchange on the previous business day. Exchange rate of Tenge versus other currencies is calculated using cross-rates set on 15:00 Almaty time.
   The official rates are established without any obligations of the National Bank to sell or purchase foreign currency under these exchange rates.
2. Weight-average market exchange rate is fixed at the daily auction (morning session) and announced by Kazakh Stock Exchange (KASE) via Internet.
3. Weight-average market exchange rate and closing exchange rates with “tod” settlement for day trade session,  and  weight-average exchange rates with “tom” and “spot” settlement dates
4. Forward exchange rates data are not available.

Periodicity

The official exchange rates - are daily, on the NBK web-site; market exchange rates – daily on the Stock Exchange site (www.kase.kz ).

Timeliness

The official exchange rates are published the following day of their setting; the market exchange rates are published the day they are set. (www.kase.kz)

Access by the Public

Advance dissemination of release calendar

Not applicable. Daily data is disseminated every day.

Simultaneous release to all interested parties

The daily data is published simultaneously for all interested parties at NBK (http://www.nationalbank.kz) and KASE sites in Internet  (http://www.kase.kz)

Integrity

Dissemination of terms and conditions under which official statistics are produced, including confidentiality of individual responses

The texts of the laws and legislative acts regulating issues pertaining to the collection of monetary statistics in Kazakh are posted on the NBK website (http://www.nationalbank.kz).
The NBK releases daily data on official exchange rates as service to the public. 

Identification of internal government access to data before release

No one outside the NBK has access to data prior to the release of the data to the public.

Identification of ministerial commentaries on the occasion of statistical publication

Major changes in methodology are announced in the Bulletin of Banking Statistics as notes to data based on new methodology. The public is informed at the time the major changes in methodology are introduced. 

Provision of information about revision and advance notice about major changes in methodology

The published data are final and can not be revised.

Quality

Dissemination of documentation on methodology and sources used in preparing statistics

Commentaries on methodology regarding the calculation of the average and market exchange rates are published in the monthly “Statistical Bulletin” in Kazakh and Russian.

Dissemination of documentation on methodology and sources, that support statistical cross-checks and provide assurance of reasonableness

The monthly data on official and market exchange rates for the last year, quarterly data for two previous years and current year and annual data for the last 6 years are published in the monthly Statistical Bulletin. Also there are detailed data on exchange rate of US Dollar, Euro and Russian Rubles.