Historic Kuwaiti Dinar Kazakhstani tenge

Kuwaiti Dinar kazakhstani tenge history for January 2024. The highest quote for this month is 1485.61 (01/01/2024) and the lowest 1484.8 (01/01/2024). The difference between high and low is 0.05.

KWD KZT average rate for January 2024 is 1464.00778, the change between 01/01/2024 and 31/01/2024 is +2.16 %.

01 January 20241 KWD = 1483.46 KZT
02 January 20241 KWD = 1484.80 KZT
03 January 20241 KWD = 1475.29 KZT
04 January 20241 KWD = 1480.08 KZT
05 January 20241 KWD = 1471.32 KZT
06 January 20241 KWD = 1471.16 KZT
07 January 20241 KWD = 1471.16 KZT
08 January 20241 KWD = 1464.30 KZT
09 January 20241 KWD = 1468.97 KZT
10 January 20241 KWD = 1471.66 KZT
11 January 20241 KWD = 1470.89 KZT
12 January 20241 KWD = 1464.30 KZT
14 January 20241 KWD = 1469.17 KZT
15 January 20241 KWD = 1461.48 KZT
16 January 20241 KWD = 1462.00 KZT
17 January 20241 KWD = 1465.89 KZT
18 January 20241 KWD = 1465.71 KZT
19 January 20241 KWD = 1460.88 KZT
22 January 20241 KWD = 1453.44 KZT
23 January 20241 KWD = 1447.75 KZT
24 January 20241 KWD = 1439.38 KZT
25 January 20241 KWD = 1446.18 KZT
26 January 20241 KWD = 1451.26 KZT
28 January 20241 KWD = 1462.65 KZT
29 January 20241 KWD = 1459.34 KZT
30 January 20241 KWD = 1454.20 KZT
31 January 20241 KWD = 1451.49 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.
KWD KZT December 2023
KWD KZT January 2024
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