Kazakhstani tenge south african rand exchange rate history (KZT ZAR) February 2024

Kazakhstani tenge south african rand history for February 2024. The highest quote for this month is 0.043199 (27/02/2024) and the lowest 0.043223 (26/02/2024). The difference between high and low is -0.06.

KZT ZAR average rate for February 2024 is 0.04232, the change between 01/02/2024 and 29/02/2024 is -3.37 %.

01 February 2024	1 KZT = 0.0417 ZAR
02 February 2024	1 KZT = 0.0415 ZAR
03 February 2024	1 KZT = 0.0418 ZAR
04 February 2024	1 KZT = 0.0418 ZAR
05 February 2024	1 KZT = 0.0416 ZAR
06 February 2024	1 KZT = 0.0420 ZAR
07 February 2024	1 KZT = 0.0417 ZAR
08 February 2024	1 KZT = 0.0419 ZAR
09 February 2024	1 KZT = 0.0424 ZAR
12 February 2024	1 KZT = 0.0428 ZAR
13 February 2024	1 KZT = 0.0424 ZAR
14 February 2024	1 KZT = 0.0428 ZAR
15 February 2024	1 KZT = 0.0427 ZAR
16 February 2024	1 KZT = 0.0425 ZAR
17 February 2024	1 KZT = 0.0419 ZAR
18 February 2024	1 KZT = 0.0419 ZAR
19 February 2024	1 KZT = 0.0421 ZAR
20 February 2024	1 KZT = 0.0422 ZAR
21 February 2024	1 KZT = 0.0420 ZAR
22 February 2024	1 KZT = 0.0422 ZAR
23 February 2024	1 KZT = 0.0426 ZAR
24 February 2024	1 KZT = 0.0429 ZAR
25 February 2024	1 KZT = 0.0430 ZAR
26 February 2024	1 KZT = 0.0431 ZAR
27 February 2024	1 KZT = 0.0431 ZAR
28 February 2024	1 KZT = 0.0426 ZAR
29 February 2024	1 KZT = 0.0431 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