Kuwaiti Dinar kazakhstani tenge exchange rate history (KWD KZT) February 2024

Kuwaiti Dinar kazakhstani tenge history for February 2024. The highest quote for this month is 1476.58 (05/02/2024) and the lowest 1474.47 (05/02/2024). The difference between high and low is 0.14.

KWD KZT average rate for February 2024 is 1458.76407, the change between 01/02/2024 and 29/02/2024 is -0.01 %.

01 February 2024	1 KWD = 1454.12 KZT
02 February 2024	1 KWD = 1456.66 KZT
03 February 2024	1 KWD = 1470.41 KZT
04 February 2024	1 KWD = 1470.41 KZT
05 February 2024	1 KWD = 1476.59 KZT
06 February 2024	1 KWD = 1474.72 KZT
07 February 2024	1 KWD = 1467.06 KZT
08 February 2024	1 KWD = 1466.35 KZT
09 February 2024	1 KWD = 1455.96 KZT
12 February 2024	1 KWD = 1442.65 KZT
13 February 2024	1 KWD = 1449.60 KZT
14 February 2024	1 KWD = 1448.46 KZT
15 February 2024	1 KWD = 1447.90 KZT
16 February 2024	1 KWD = 1450.16 KZT
17 February 2024	1 KWD = 1458.96 KZT
18 February 2024	1 KWD = 1458.96 KZT
19 February 2024	1 KWD = 1454.24 KZT
20 February 2024	1 KWD = 1458.19 KZT
21 February 2024	1 KWD = 1466.31 KZT
22 February 2024	1 KWD = 1458.64 KZT
23 February 2024	1 KWD = 1461.47 KZT
24 February 2024	1 KWD = 1460.88 KZT
25 February 2024	1 KWD = 1460.88 KZT
26 February 2024	1 KWD = 1457.65 KZT
27 February 2024	1 KWD = 1449.28 KZT
28 February 2024	1 KWD = 1455.79 KZT
29 February 2024	1 KWD = 1454.33 KZT

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.

20/05/2007: Kuwaiti Dinar Redenominated

The Kuwaiti Dinar underwent a redenomination, with the introduction of new banknotes and removal of three zeros from the currency.

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.

20/03/2003: US Invasion of Iraq

The United States and its allies invaded Iraq, leading to a period of uncertainty and affecting the value of the Kuwaiti Dinar.

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.

25/03/1991: Kuwait Liberated

Coalition forces led by the United States liberated Kuwait from Iraqi occupation, restoring stability to the country and its currency.

02/08/1990: Iraqi Invasion of Kuwait

Iraqi forces invaded Kuwait, leading to the Gulf War and causing a significant decline in the value of the Kuwaiti Dinar.

16/09/1980: Iraq-Iran War Begins

The Iraq-Iran War started, leading to economic instability in the region and affecting the value of the Kuwaiti Dinar.

20/10/1975: Kuwait Dinar Pegged to Special Drawing Rights (SDR)

Kuwait pegged its currency to a basket of international currencies known as Special Drawing Rights (SDR) instead of the US Dollar.

02/01/1961: Kuwaiti Dinar Introduced

The Kuwaiti Dinar (KWD) was officially introduced as the currency of Kuwait, replacing the Gulf Rupee.

Historic Kuwaiti Dinar Kazakhstani tenge