Historic Kazakhstani tenge Arab Emirates Dirham

Kazakhstani tenge arab emirates dirham history for December 2023. The highest quote for this month is 0.008137 (28/12/2023) and the lowest 0.008143 (28/12/2023). The difference between high and low is -0.07.

KZT AED average rate for December 2023 is 0.00804, the change between 01/12/2023 and 31/12/2023 is -0.76 %.

01 December 20231 KZT = 0.0080 AED
02 December 20231 KZT = 0.0080 AED
03 December 20231 KZT = 0.0080 AED
04 December 20231 KZT = 0.0080 AED
05 December 20231 KZT = 0.0080 AED
06 December 20231 KZT = 0.0080 AED
07 December 20231 KZT = 0.0080 AED
08 December 20231 KZT = 0.0080 AED
10 December 20231 KZT = 0.0080 AED
11 December 20231 KZT = 0.0080 AED
12 December 20231 KZT = 0.0080 AED
13 December 20231 KZT = 0.0081 AED
14 December 20231 KZT = 0.0081 AED
15 December 20231 KZT = 0.0081 AED
16 December 20231 KZT = 0.0080 AED
17 December 20231 KZT = 0.0080 AED
18 December 20231 KZT = 0.0080 AED
19 December 20231 KZT = 0.0080 AED
20 December 20231 KZT = 0.0081 AED
21 December 20231 KZT = 0.0081 AED
22 December 20231 KZT = 0.0080 AED
23 December 20231 KZT = 0.0080 AED
24 December 20231 KZT = 0.0080 AED
25 December 20231 KZT = 0.0080 AED
26 December 20231 KZT = 0.0080 AED
27 December 20231 KZT = 0.0080 AED
28 December 20231 KZT = 0.0081 AED
29 December 20231 KZT = 0.0081 AED

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.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

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.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

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.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

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.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

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.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.
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