Historic Kazakhstani tenge South African rand

Kazakhstani tenge south african rand history for January 2024. The highest quote for this month is 0.043161 (23/01/2024) and the lowest 0.04293 (23/01/2024). The difference between high and low is 0.54.

KZT ZAR average rate for January 2024 is 0.04167, the change between 01/01/2024 and 31/01/2024 is -4.91 %.

01 January 20241 KZT = 0.0401 ZAR
02 January 20241 KZT = 0.0402 ZAR
03 January 20241 KZT = 0.0410 ZAR
04 January 20241 KZT = 0.0411 ZAR
05 January 20241 KZT = 0.0414 ZAR
06 January 20241 KZT = 0.0413 ZAR
07 January 20241 KZT = 0.0413 ZAR
08 January 20241 KZT = 0.0415 ZAR
09 January 20241 KZT = 0.0412 ZAR
10 January 20241 KZT = 0.0413 ZAR
11 January 20241 KZT = 0.0413 ZAR
12 January 20241 KZT = 0.0415 ZAR
14 January 20241 KZT = 0.0412 ZAR
15 January 20241 KZT = 0.0415 ZAR
16 January 20241 KZT = 0.0416 ZAR
17 January 20241 KZT = 0.0421 ZAR
18 January 20241 KZT = 0.0423 ZAR
19 January 20241 KZT = 0.0421 ZAR
22 January 20241 KZT = 0.0426 ZAR
23 January 20241 KZT = 0.0432 ZAR
24 January 20241 KZT = 0.0428 ZAR
25 January 20241 KZT = 0.0425 ZAR
26 January 20241 KZT = 0.0424 ZAR
28 January 20241 KZT = 0.0417 ZAR
29 January 20241 KZT = 0.0419 ZAR
30 January 20241 KZT = 0.0420 ZAR
31 January 20241 KZT = 0.0421 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.
KZT ZAR January 2024
KZT ZAR February 2024
KZT ZAR March 2024
KZT ZAR April 2024
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