Historic South African rand Kazakhstani tenge

South African rand kazakhstani tenge history for February 2024. The highest quote for this month is 23.904 (03/02/2024) and the lowest 24.089 (01/02/2024). The difference between high and low is -0.77.

ZAR KZT average rate for February 2024 is 23.63374, the change between 01/02/2024 and 29/02/2024 is +3.26 %.

01 February 20241 ZAR = 23.99 KZT
02 February 20241 ZAR = 24.09 KZT
03 February 20241 ZAR = 23.90 KZT
04 February 20241 ZAR = 23.92 KZT
05 February 20241 ZAR = 24.02 KZT
06 February 20241 ZAR = 23.79 KZT
07 February 20241 ZAR = 23.96 KZT
08 February 20241 ZAR = 23.85 KZT
09 February 20241 ZAR = 23.61 KZT
12 February 20241 ZAR = 23.37 KZT
13 February 20241 ZAR = 23.58 KZT
14 February 20241 ZAR = 23.36 KZT
15 February 20241 ZAR = 23.42 KZT
16 February 20241 ZAR = 23.54 KZT
17 February 20241 ZAR = 23.85 KZT
18 February 20241 ZAR = 23.85 KZT
19 February 20241 ZAR = 23.75 KZT
20 February 20241 ZAR = 23.67 KZT
21 February 20241 ZAR = 23.83 KZT
22 February 20241 ZAR = 23.72 KZT
23 February 20241 ZAR = 23.45 KZT
24 February 20241 ZAR = 23.30 KZT
25 February 20241 ZAR = 23.27 KZT
26 February 20241 ZAR = 23.20 KZT
27 February 20241 ZAR = 23.18 KZT
28 February 20241 ZAR = 23.45 KZT
29 February 20241 ZAR = 23.20 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.
ZAR KZT July 2023
ZAR KZT August 2023
ZAR KZT September 2023
ZAR KZT October 2023
ZAR KZT November 2023
ZAR KZT December 2023
ZAR KZT January 2024
ZAR KZT February 2024
ZAR KZT March 2024
ZAR KZT April 2024
ZAR KZT May 2024
ZAR KZT June 2024
ZAR KZT July 2024