Kazakhstani tenge south african rand exchange rate history (KZT ZAR) December 2023

Kazakhstani tenge south african rand history for December 2023. The highest quote for this month is 0.041904 (11/12/2023) and the lowest 0.041485 (12/12/2023). The difference between high and low is 1.

KZT ZAR average rate for December 2023 is 0.04069, the change between 01/12/2023 and 31/12/2023 is +0.72 %.

01 December 2023	1 KZT = 0.0412 ZAR
02 December 2023	1 KZT = 0.0404 ZAR
03 December 2023	1 KZT = 0.0404 ZAR
04 December 2023	1 KZT = 0.0405 ZAR
05 December 2023	1 KZT = 0.0409 ZAR
06 December 2023	1 KZT = 0.0413 ZAR
07 December 2023	1 KZT = 0.0413 ZAR
08 December 2023	1 KZT = 0.0412 ZAR
10 December 2023	1 KZT = 0.0414 ZAR
11 December 2023	1 KZT = 0.0414 ZAR
12 December 2023	1 KZT = 0.0418 ZAR
13 December 2023	1 KZT = 0.0417 ZAR
14 December 2023	1 KZT = 0.0409 ZAR
15 December 2023	1 KZT = 0.0404 ZAR
16 December 2023	1 KZT = 0.0400 ZAR
17 December 2023	1 KZT = 0.0400 ZAR
18 December 2023	1 KZT = 0.0399 ZAR
19 December 2023	1 KZT = 0.0407 ZAR
20 December 2023	1 KZT = 0.0403 ZAR
21 December 2023	1 KZT = 0.0402 ZAR
22 December 2023	1 KZT = 0.0397 ZAR
23 December 2023	1 KZT = 0.0403 ZAR
24 December 2023	1 KZT = 0.0403 ZAR
25 December 2023	1 KZT = 0.0404 ZAR
26 December 2023	1 KZT = 0.0404 ZAR
27 December 2023	1 KZT = 0.0408 ZAR
28 December 2023	1 KZT = 0.0405 ZAR
29 December 2023	1 KZT = 0.0409 ZAR

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.

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

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.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

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.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

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.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

Historic Kazakhstani tenge South African rand