Historic Kuwaiti Dinar Kazakhstani tenge

Kuwaiti Dinar kazakhstani tenge history for September 2023. The highest quote for this month is 1547.66 (27/09/2023) and the lowest 1545.6 (27/09/2023). The difference between high and low is 0.13.

KWD KZT average rate for September 2023 is 1513.28458, the change between 01/09/2023 and 30/09/2023 is -4.37 %.

01 September 20231 KWD = 1480.18 KZT
04 September 20231 KWD = 1485.19 KZT
05 September 20231 KWD = 1481.43 KZT
06 September 20231 KWD = 1488.96 KZT
07 September 20231 KWD = 1496.26 KZT
08 September 20231 KWD = 1501.33 KZT
11 September 20231 KWD = 1496.94 KZT
12 September 20231 KWD = 1490.92 KZT
13 September 20231 KWD = 1494.26 KZT
14 September 20231 KWD = 1502.25 KZT
15 September 20231 KWD = 1501.40 KZT
18 September 20231 KWD = 1505.62 KZT
19 September 20231 KWD = 1525.78 KZT
20 September 20231 KWD = 1519.28 KZT
21 September 20231 KWD = 1528.39 KZT
22 September 20231 KWD = 1538.68 KZT
23 September 20231 KWD = 1533.29 KZT
24 September 20231 KWD = 1533.29 KZT
25 September 20231 KWD = 1525.78 KZT
26 September 20231 KWD = 1526.92 KZT
27 September 20231 KWD = 1544.15 KZT
28 September 20231 KWD = 1545.00 KZT
29 September 20231 KWD = 1528.64 KZT
30 September 20231 KWD = 1544.89 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.