Historic Convertible Mark Kazakhstani tenge

Convertible Mark kazakhstani tenge history for January 2024. The highest quote for this month is 253.84 (04/01/2024) and the lowest 264.95 (03/01/2024). The difference between high and low is -4.38.

BAM KZT average rate for January 2024 is 249.70095, the change between 01/01/2024 and 31/01/2024 is +2.56 %.

03 January 20241 BAM = 252.5 KZT
04 January 20241 BAM = 254.0 KZT
05 January 20241 BAM = 252.4 KZT
08 January 20241 BAM = 251.4 KZT
09 January 20241 BAM = 251.6 KZT
10 January 20241 BAM = 253.0 KZT
11 January 20241 BAM = 252.9 KZT
12 January 20241 BAM = 251.2 KZT
15 January 20241 BAM = 250.7 KZT
16 January 20241 BAM = 249.1 KZT
17 January 20241 BAM = 250.0 KZT
18 January 20241 BAM = 249.9 KZT
19 January 20241 BAM = 249.8 KZT
22 January 20241 BAM = 248.2 KZT
23 January 20241 BAM = 246.3 KZT
24 January 20241 BAM = 245.8 KZT
25 January 20241 BAM = 247.0 KZT
26 January 20241 BAM = 247.0 KZT
29 January 20241 BAM = 247.8 KZT
30 January 20241 BAM = 247.3 KZT
31 January 20241 BAM = 246.0 KZT

13/12/2021: Introduction of New Banknotes and Coins

New banknotes and coins were introduced, featuring updated designs, improved security features, and denominations. This aims to enhance the efficiency of cash transactions.

01/11/2019: 25th Anniversary of the Convertible Mark

Bosnia and Herzegovina celebrated the 25th anniversary of the introduction of the Convertible Mark as its national currency.

15/08/2017: New Banknote Denominations

New banknote denominations of 200 BAM and 1,000 BAM were introduced to facilitate transactions and enhance the efficiency of cash handling.

03/04/2017: Transition to Free Float

After gradually reducing interventions, Kazakhstan fully transitioned to a free float exchange rate for the tenge, allowing the market to determine its value.

20/08/2015: Tenge Devaluation

Kazakhstan devalued the tenge by around 30% due to falling oil prices and economic instability. This move aimed to boost exports and protect the economy.

09/03/2010: New Polymer Banknotes

The Central Bank of Bosnia and Herzegovina introduced polymer banknotes to replace the paper banknotes, increasing durability and security.

19/04/2004: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs were introduced to combat counterfeiting and modernize the currency.

28/02/2002: Replacement of Deutsche Mark with Euro

The Deutsche Mark was replaced by the euro as the main reference currency for the Convertible Mark's fixed exchange rate.

04/10/1999: Floating Exchange Rate

Kazakhstan switched to a floating exchange rate regime, allowing the tenge to fluctuate freely based on market supply and demand.

02/07/1998: Issuance of New Banknote Series

A new series of banknotes was issued, featuring updated designs and enhanced security features.

01/07/1997: Currency Board Arrangement

A Currency Board Arrangement was established to maintain a fixed exchange rate between the Convertible Mark and the Deutsche Mark.

22/06/1995: Introduction of the Convertible Mark

The Convertible Mark was introduced as the official currency of Bosnia and Herzegovina, replacing the Yugoslav dinar.

15/02/1994: Denomination of Tenge

The tenge underwent a 10,000-fold denomination, where 1 new tenge was equal to 10,000 old tenge. This was done to simplify currency handling and eliminate excessive zeros.

15/11/1993: Introduction of Kazakhstani Tenge

The Kazakhstani tenge was introduced as the new currency of Kazakhstan, replacing the Soviet ruble. The exchange rate was set at 1 tenge = 500 rubles.