When it comes to converting between US Dollars (USD) and Kazakhstani Tenge (KZT), it’s important to have access to accurate and up-to-date exchange rate information. Whether you’re planning a trip to Kazakhstan, conducting business with Kazakhstani companies, or simply curious about the current value of the Tenge, understanding the USD to KZT exchange rate is essential. In this article, we’ll explore the current USD/KZT exchange rate, provide conversion examples, and delve into the history and volatility of this currency pair.
Current USD to KZT Exchange Rate
Live USD/KZT Exchange Rate
As of June 19, 2024, at 06:35 UTC, the mid-market exchange rate for USD to KZT is 1 USD = 460.194 KZT. This means that for every US Dollar, you can purchase approximately 460.194 Kazakhstani Tenge. It’s important to note that this mid-market rate is used for conversion purposes and may not be the same rate offered by banks or money transfer services.
When converting from USD to KZT, it’s crucial to use a reliable and up-to-date source for exchange rates. The mid-market rate, also known as the interbank rate, is the rate at which banks trade currencies with each other. While consumers may not have access to this exact rate, it serves as a benchmark for determining fair exchange rates.
USD to KZT Conversion Examples
To better understand the USD to KZT exchange rate, let’s look at a few conversion examples:
- 10 USD = 4,601.94 KZT
- 50 USD = 23,009.70 KZT
- 100 USD = 46,019.40 KZT
- 500 USD = 230,097.00 KZT
- 1,000 USD = 460,194.00 KZT
These examples demonstrate how the value of the US Dollar translates into Kazakhstani Tenge. It’s important to remember that exchange rates are constantly fluctuating, so the actual conversion rate may vary slightly from the examples provided.
KZT to USD Exchange Rate
Current KZT/USD Exchange Rate
For those interested in converting Kazakhstani Tenge to US Dollars, the current mid-market exchange rate as of June 19, 2024, at 06:35 UTC, is 1 KZT = 0.00217299 USD. This means that for every Kazakhstani Tenge, you would receive approximately 0.00217299 US Dollars.
Just like with USD to KZT conversions, it’s essential to use a reliable source for the most accurate and up-to-date KZT to USD exchange rate. Keep in mind that the actual rate you receive may differ slightly from the mid-market rate due to various factors such as currency exchange fees and the specific provider you use.
KZT to USD Conversion Chart
To visualize the historical exchange rates between KZT and USD, a conversion chart can be a helpful tool. These charts display the fluctuations in the exchange rate over a specific period, allowing you to identify trends and patterns. By analyzing historical data, you can gain insights into the stability or volatility of the Kazakhstani Tenge against the US Dollar.
| Date | Exchange Rate (KZT to USD) |
|---|---|
| June 19, 2023 | 0.00217095 |
| June 19, 2022 | 0.00225670 |
| June 19, 2021 | 0.00233450 |
| June 19, 2020 | 0.00247820 |
This chart provides a snapshot of the KZT to USD exchange rate on June 19th over the past few years. It allows you to compare the current rate with historical rates and observe any significant changes or trends.
USD/KZT Exchange Rate History & Volatility
USD to KZT Exchange Rate Past 30 Days
Looking at the USD to KZT exchange rate over the past 30 days, we can see the following statistics:
- 30-Day High: 460.26 KZT
- 30-Day Low: 441.6 KZT
- 30-Day Average: 447.27 KZT
These figures indicate the highest, lowest, and average exchange rates observed during the past 30 days. They provide a snapshot of the recent performance and volatility of the USD/KZT currency pair.
USD to KZT Exchange Rate Past 90 Days
Expanding the timeframe to the past 90 days, the USD to KZT exchange rate exhibits the following statistics:
- 90-Day High: 460.26 KZT
- 90-Day Low: 439.75 KZT
- 90-Day Average: 446.01 KZT
By analyzing the exchange rate over a longer period, we can gain a broader perspective on the performance and stability of the USD against the Kazakhstani Tenge.
Kazakhstani Tenge Volatility
Volatility is a measure of how much the exchange rate fluctuates over time. The volatility of the Kazakhstani Tenge can be expressed as a percentage, indicating the degree of variation in the exchange rate.
Over the past 30 days, the volatility of the USD to KZT exchange rate has been 0.32%. This suggests that the exchange rate has experienced relatively low fluctuations during this period.
Looking at the past 90 days, the volatility of the USD to KZT exchange rate stands at 0.28%. This indicates that over a longer timeframe, the Kazakhstani Tenge has exhibited even lower volatility against the US Dollar.
Understanding the volatility of a currency is important for individuals and businesses involved in cross-border transactions, as it can impact the value of their assets and the costs associated with currency conversions.
About the Kazakhstani Tenge (KZT)
Kazakhstani Tenge Facts
Here are some key facts about the Kazakhstani Tenge:
- Currency Symbol: ₸
- Currency Code: KZT
- Subunit: Tiyn (1/100 of a Tenge)
- Banknotes: 200₸, 500₸, 1,000₸, 2,000₸, 5,000₸, 10,000₸, 20,000₸
- Coins: 1₸, 2₸, 5₸, 10₸, 20₸, 50₸, 100₸
Tenge History & Background
The Kazakhstani Tenge was introduced as the national currency of Kazakhstan on November 15, 1993, replacing the Soviet ruble at a rate of 1 Tenge = 500 rubles. The name “Tenge” is derived from the Turkic word for a set of scales, symbolizing justice and equality.
Since its introduction, the Tenge has undergone several design changes and denominations. In 2006, a new series of banknotes and coins was issued, featuring updated security features and designs that celebrate Kazakhstan’s cultural heritage and natural landmarks.
Kazakhstan, being a former Soviet republic, has a history closely tied to the Russian economy. As a result, the Tenge’s value has been influenced by various economic factors, including fluctuations in oil prices, as Kazakhstan is a major oil exporter.
Xe Currency Services
Xe International Money Transfer
Xe, a trusted name in currency exchange and international money transfer, offers secure and convenient services for sending money to Kazakhstan. With competitive exchange rates and a user-friendly platform, Xe makes it easy to transfer funds in Kazakhstani Tenge to recipients worldwide.
Whether you need to send money to family and friends, pay for goods and services, or conduct business transactions, Xe provides a reliable solution. Their international money transfer service supports a wide range of currencies, including KZT, and offers multiple payment options to suit your needs.
Xe Currency Tools & Apps
In addition to international money transfer, Xe offers a range of currency tools and apps to help you stay informed about exchange rates and manage your currency conversions:
- Xe Currency Charts: Access interactive charts that display historical exchange rate data, allowing you to analyze trends and make informed decisions.
- Rate Alerts: Set up personalized rate alerts to stay notified about important exchange rate movements and take advantage of favorable conversion opportunities.
- Currency API: Integrate real-time currency data into your own applications, websites, or business systems with Xe’s reliable and accurate currency API.
- Xe Mobile App: Stay connected to live exchange rates, perform quick currency conversions, and initiate money transfers on the go with the user-friendly Xe mobile app.
These tools and apps provide valuable resources for individuals and businesses dealing with multiple currencies, helping them navigate the complex world of foreign exchange with ease and confidence.
Disclaimer: The exchange rates, statistics, and information provided in this article are based on the data available as of June 19, 2024, at 06:35 UTC. Please note that currency exchange rates are subject to constant fluctuations and may have changed since the time of writing. For the most up-to-date and accurate exchange rates, please consult reliable currency exchange platforms or financial institutions. The information provided in this article is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a qualified financial professional before making any investment or financial decisions.
See also:
- Uzbekistan Currency – Uzbek Sum Exchange Rate
- Convert USD to JOD – US Dollar to Jordanian Dinar Exchange Rate
- Indian Currency Exchange Rate: USD to INR Conversion – Xe
- Morocco Currency Exchange Rate: USD to MAD | Convert US Dollar to Moroccan Dirham
- Lithuania Currency: A Complete Guide to Lithuanian Litai and Euro Conversion
