South African rand kazakhstani tenge exchange rate history (ZAR KZT) December 2023

South African rand kazakhstani tenge history for December 2023. The highest quote for this month is 25.029 (23/12/2023) and the lowest 25.423 (25/12/2023). The difference between high and low is -1.57.

ZAR KZT average rate for December 2023 is 24.57739, the change between 01/12/2023 and 31/12/2023 is -0.73 %.

01 December 2023	1 ZAR = 24.25 KZT
02 December 2023	1 ZAR = 24.74 KZT
03 December 2023	1 ZAR = 24.74 KZT
04 December 2023	1 ZAR = 24.70 KZT
05 December 2023	1 ZAR = 24.45 KZT
06 December 2023	1 ZAR = 24.19 KZT
07 December 2023	1 ZAR = 24.20 KZT
08 December 2023	1 ZAR = 24.28 KZT
10 December 2023	1 ZAR = 24.15 KZT
11 December 2023	1 ZAR = 24.16 KZT
12 December 2023	1 ZAR = 23.94 KZT
13 December 2023	1 ZAR = 24.01 KZT
14 December 2023	1 ZAR = 24.45 KZT
15 December 2023	1 ZAR = 24.78 KZT
16 December 2023	1 ZAR = 24.98 KZT
17 December 2023	1 ZAR = 24.98 KZT
18 December 2023	1 ZAR = 25.08 KZT
19 December 2023	1 ZAR = 24.56 KZT
20 December 2023	1 ZAR = 24.81 KZT
21 December 2023	1 ZAR = 24.85 KZT
22 December 2023	1 ZAR = 25.19 KZT
23 December 2023	1 ZAR = 24.79 KZT
24 December 2023	1 ZAR = 24.79 KZT
25 December 2023	1 ZAR = 24.73 KZT
26 December 2023	1 ZAR = 24.75 KZT
27 December 2023	1 ZAR = 24.50 KZT
28 December 2023	1 ZAR = 24.71 KZT
29 December 2023	1 ZAR = 24.42 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.

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

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.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

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.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

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.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

Historic South African rand Kazakhstani tenge