Aina Shitkanova2025-10-222025-10-222007Aina Shitkanova / The Exchange and the Interest Rates / Articles and proceedings of the scientific conference among university students " Development and future of the science in Kazakhstan in the opinion of youth" , ISBN: 9965-792-25-9 , Suleyman Demirel University / 195 -197 pages.9965-792-25-9https://repository.sdu.edu.kz/handle/123456789/2094This project explores the relationship between interest and exchange rates in an open economy, with a specific focus on Kazakhstan. It examines the mechanisms through which interest rates influence exchange rate movements and vice versa, analyzing how these interactions impact the country's economic situation. The study also addresses key questions such as why the Kazakhstani tenge is appreciating and why national interest rates remain high. By applying theoretical models like the IS-LM framework for open economies, the project investigates the effects of fiscal expansion and monetary contraction on output, interest rates, and currency value. In conclusion, the paper provides insights and predictions about Kazakhstan’s future monetary trends, suggesting a continued appreciation of the tenge and a gradual rise in interest rates.enAttribution-NonCommercial-ShareAlike 4.0 Internationalinterest rateopen economyKazakhstan economymonetary policyArticle