Kazakhstan currency: On 20 August 2015

On 20 August 2015, the Kazakhstan National Bank did away with the currency band with respect to conversion rate of tenge. Now, the tenge is a free-floating currency and its exchange rate against the major currencies are determined by demand and supply in the market. Currency in Kazakhstan The currency in Kazakhstan is the Kazakh Tenge with code KZT. In Kazakh using Cyrillic letters, it’s spelled “теңге” and that’s how it’s written on the money. Fun fact: the Russian word for money “деньги” (pronounced ‘ dengi ‘) is linguistically related to the tenge. The weighted average exchange rate of tenge against US dollar fixed on the stock exchange as of 15:30 Astana time is set as an official exchange rate of the national currency tenge against US dollar for the next business day after the trading day. The exchange rate of tenge against other currencies is calculated through the cross rates fixed as of 16:00 Astana time. During the period from January 6, 2016 to February 1, 2016 market exchange rates and official exchange rates, set by the ... Get the latest 1 Kazakhstani Tenge to US Dollar rate for FREE with the original Universal Currency Converter. Set rate alerts for KZT to USD and learn more about Kazakhstani Tenge and US Dollars from XE - the Currency Authority.