KZT information
About Kazakhstani Tenge (KZT)
The Kazakhstani Tenge (KZT), introduced in 1993, is a significant symbol of Kazakhstan's national identity and economic independence. It is commonly abbreviated as KZT and represented by the symbol ₸. Emerging after the dissolution of the Soviet Union, the Tenge marked a pivotal transition from a centrally planned economy to a market-oriented one.
Historical Background
The introduction of the Tenge was a crucial moment in post-Soviet Kazakhstan, signifying a break from the Russian Ruble and the commencement of a distinct monetary policy. It symbolized a new era of self-determination and was a crucial step in building the newly independent nation's economy.
Design and Symbolism
The design of the Kazakhstani Tenge is a rich tapestry of the country's history, culture, and aspirations. Banknotes and coins feature images of significant historical figures, like the poet Abai Kunanbaiuly and philosopher Al-Farabi, alongside landmarks and symbols representing Kazakhstan’s vast landscapes and cultural heritage. These designs not only facilitate transactions but also serve as a source of national pride and identity.
Economic Role
The Tenge plays a critical role in Kazakhstan’s economy, characterized by its vast natural resources, including oil, gas, and minerals. As the primary medium of exchange, it supports various sectors of the economy, facilitating trade, investment, and the daily financial transactions of individuals and businesses.
Monetary Policy and Inflation
Managed by the National Bank of Kazakhstan, the Tenge has faced challenges such as inflation and currency devaluation, particularly during periods of global economic instability. The central bank’s monetary policies focus on stabilizing the Tenge, which is crucial for maintaining economic confidence and fostering sustainable growth.
International Trade and the Kazakhstani Tenge
The Tenge’s exchange rate is an important factor in international trade, particularly for Kazakhstan's key exports in the energy and mining sectors. A stable Tenge is vital for maintaining competitive export prices and attracting foreign investment.
Remittances and the Economy
Remittances from Kazakh citizens working abroad, particularly in Russia and Europe, are a notable source of foreign income. These remittances, converted into Tenge, play a significant role in supporting households and contributing to the national economy.
BYTE to KZT conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ₸0.005641 | 0.0200% / 0.0320%VIP 7 |
How to buy Byte
Buy BYTE (or USDT) for KZT (Kazakhstani Tenge) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
F FREE-USDT 54 trades|Completion rate 100.00% | 1 KZT | Amount5 USDT Limit1 - 1 KZT | ||
N NURKEN_055 12 trades|Completion rate 100.00% | 503 KZT | Amount198.36 USDT Limit5000 - 99775 KZT | ||
C Crypto_Magnus 155 trades|Completion rate 99.00% | 503 KZT | Amount217.52 USDT Limit5000 - 109412 KZT | ||
A Apollon26 155 trades|Completion rate 99.00% | 503 KZT | Amount5951.55 USDT Limit25000 - 1305773.28 KZT | ||
P P2P leader 148 trades|Completion rate 98.00% | 503 KZT | Amount290.48 USDT Limit6000 - 204000 KZT |
Sell BYTE (or USDT) for KZT (Kazakhstani Tenge) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
c crypto_cost 1 trades|Completion rate 100.00% | 483 KZT | Amount1800 USDT Limit200000 - 500000 KZT | ||
P P2P leader 148 trades|Completion rate 98.00% | 483 KZT | Amount111 USDT Limit6000 - 53600 KZT | ||
A Avgust 7 trades|Completion rate 100.00% | 481 KZT | Amount660 USDT Limit50000 - 410000 KZT | ||
A Asikbigbro 10 trades|Completion rate 100.00% | 480 KZT | Amount500 USDT Limit5000 - 69750 KZT | ||
5 5sec.kz 1 trades|Completion rate 100.00% | 478.1 KZT | Amount5000 USDT Limit100000 - 2000000 KZT |
What factors influence the conversion rate of Byte to Kazakhstani Tenge?
Byte to Kazakhstani Tenge is falling this week.Conversion tables
The exchange rate of Byte is decreasing.BYTE to KZT
KZT to BYTE
Today vs. 24 hours ago
Amount | 18:43 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 BYTE | $0.{5}5903 | $0.{5}6378 | -7.45% |
1 BYTE | $0.{4}1181 | $0.{4}1276 | -7.45% |
5 BYTE | $0.{4}5903 | $0.{4}6378 | -7.45% |
10 BYTE | $0.0001181 | $0.0001276 | -7.45% |
50 BYTE | $0.0005903 | $0.0006378 | -7.45% |
100 BYTE | $0.001181 | $0.001276 | -7.45% |
500 BYTE | $0.005903 | $0.006378 | -7.45% |
1000 BYTE | $0.01181 | $0.01276 | -7.45% |
Today vs. 1 month ago
Amount | 18:43 today | 1 month ago | 1M change |
---|---|---|---|
0.5 BYTE | $0.{5}5903 | $0.{5}8823 | -33.10% |
1 BYTE | $0.{4}1181 | $0.{4}1765 | -33.10% |
5 BYTE | $0.{4}5903 | $0.{4}8823 | -33.10% |
10 BYTE | $0.0001181 | $0.0001765 | -33.10% |
50 BYTE | $0.0005903 | $0.0008823 | -33.10% |
100 BYTE | $0.001181 | $0.001765 | -33.10% |
500 BYTE | $0.005903 | $0.008823 | -33.10% |
1000 BYTE | $0.01181 | $0.01765 | -33.10% |
Today vs. 1 year ago
Amount | 18:43 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 BYTE | $0.{5}5903 | $0.00 | -- |
1 BYTE | $0.{4}1181 | $0.00 | -- |
5 BYTE | $0.{4}5903 | $0.00 | -- |
10 BYTE | $0.0001181 | $0.00 | -- |
50 BYTE | $0.0005903 | $0.00 | -- |
100 BYTE | $0.001181 | $0.00 | -- |
500 BYTE | $0.005903 | $0.00 | -- |
1000 BYTE | $0.01181 | $0.00 | -- |
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