STABILITY OF THE NATIONAL CURRENCY EXCHANGE RATE AND ITS IMPACT ON TOURISM IN KAZAKHSTAN

Abstract

The stability of a nation's currency exchange rate plays a pivotal role in shaping its tourism industry. A stable national currency exchange rate is a vital factor in attracting tourists, as it instills confidence in potential travelers and minimizes financial risks associated with fluctuating rates. This study delves into the impact of exchange rate stability on the growth of Kazakhstan's tourism industry, examining how a steady exchange rate positively influences foreign tourist arrivals and their spending patterns. Understanding the dynamics of this relationship is crucial for policymakers and stakeholders in Kazakhstan's tourism sector to implement strategies that promote exchange rate stability and, in turn, foster tourism development and economic growth.