Kazakhstani tenge united states dollar exchange rate history (KZT USD) August 2023

Kazakhstani tenge united states dollar history for August 2023. The highest quote for this month is 0.002258 (04/08/2023) and the lowest 0.002272 (07/08/2023). The difference between high and low is -0.62.

KZT USD average rate for August 2023 is 0.00223, the change between 01/08/2023 and 31/08/2023 is +4.38 %.

01 August 2023	1 KZT = 0.0023 USD
04 August 2023	1 KZT = 0.0023 USD
07 August 2023	1 KZT = 0.0023 USD
08 August 2023	1 KZT = 0.0023 USD
10 August 2023	1 KZT = 0.0023 USD
12 August 2023	1 KZT = 0.0022 USD
14 August 2023	1 KZT = 0.0022 USD
15 August 2023	1 KZT = 0.0022 USD
17 August 2023	1 KZT = 0.0022 USD
20 August 2023	1 KZT = 0.0022 USD
21 August 2023	1 KZT = 0.0022 USD
28 August 2023	1 KZT = 0.0022 USD

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.

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.

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.

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.

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.