A practical currency and money guide to travel, living and doing business in Kazakhstan and the Kazakhstani tenge (KZT).
What's in this Kazakhstan currency guide:
The official currency of Kazakhstan (country code: KZ) is the Kazakhstani tenge, with symbol лв and currency code KZT.
Here are some things you might want to know about the Kazakhstani Tenge (KZT):
Kazakhstan is a landlocked country in Central Asia, with a population of around 18 million. The country is bordered by Russia to the north, China to the east, and Kyrgyzstan, Uzbekistan and Turkmenistan to the south. The capital city is Astana, and the official language is Russian.
Kazakhstan is a relatively young country, having only gained independence from the Soviet Union in 1991. Despite this, it is one of the wealthiest countries in Central Asia, due to its large reserves of oil and gas. The country is also home to a number of interesting attractions, such as the Curious Doors of Almaty and the Ishim River.
Expats in Kazakhstan will find that the cost of living is relatively affordable, and the people are generally friendly and welcoming. The country has a diverse range of cultures and religions, and there is a lot to explore.
The Russian invasion of Ukraine caused a large influx of Russian seeking to avoid being drafted into the Russian army.
There are many things to see and do in Kazakhstan, including visiting its capital, Almaty, hiking in the Tian Shan mountains, visiting the steppe and desert landscapes, and exploring the country's many archaeological sites. Other popular activities include horseback riding, fishing, and birdwatching.
When traveling to Kazakhstan, it is important to be aware of the locals' customs and beliefs. Here are a few tips to help you enjoy your trip:
1. Don't photograph people without their permission.
2. Be respectful of religious sites and buildings.
3. Be aware of your surroundings and keep an eye on your belongings.
4. Be cautious when engaging in business deals.
5. Learn some basic phrases in Kazakh before you travel.
6. Tap water is not safe to drink in Kazakhstan.
The official currency of Kazakhstan is the Kazakhstani Tenge (KZT). ATM’s are very easy to find in the cities but make sure to bring cash money when you visit remote villages and regions. There are also plenty of exchange offices, especially in the big cities, in case you want to exchange some dollars or euros.
Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.
By following these tips and managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Kazakhstan.
There are many things to see and do in Kazakhstan, including visiting its capital, Almaty, hiking in the Tian Shan mountains, visiting the steppe and desert landscapes, and exploring the country's many archaeological sites. Other popular activities include horseback riding, fishing, and birdwatching.
When traveling to Kazakhstan, it is important to be aware of the locals' customs and beliefs. Here are a few tips to help you enjoy your trip:
1. Don't photograph people without their permission.
2. Be respectful of religious sites and buildings.
3. Be aware of your surroundings and keep an eye on your belongings.
4. Be cautious when engaging in business deals.
5. Learn some basic phrases in Kazakh before you travel.
In general, the best way to pay in Kazakhstan is in cash. However, there are some exceptions, such as when paying for large purchases or when using a credit card.
The cost of living in Kazakhstan is very reasonable. food, transportation, and housing are all relatively inexpensive when compared to other countries.
The expat life in Kazakhstan is generally positive. There are a number of international schools and Kazakhstan is a relatively safe country. Cost of living can be high, but there are good job prospects for expats.
There are a few things that foreigners should be aware of when travelling to Kazakhstan. The first is that it is illegal to photograph military installations or personnel. The second is that it is important to respect the local culture and customs, particularly when it comes to dress and behaviour. Kazakhstan is a Muslim country, so it is important to dress modestly and avoid foul language. Finally, it is important to remember that Kazakhstan is a landlocked country, so visitors will need to get a visa in advance if they wish to travel there.
It is difficult to say in general terms what doing business is like in Kazakhstan as it can vary greatly depending on the specific sector and business. However, in general, Kazakhstan is a country with a lot of potential for businesses. The economy is growing at a steady pace, and there are opportunities for businesses to access to a large and growing market. The government is also supportive of businesses, and there are many incentives and programs available to help businesses succeed.
The Russian invasion of Ukraine caused a large influx of Russian seeking to avoid being drafted into the Russian army. The influence of these new Russian migrants on the economy and politics of Kazakhstan, as well as the general future of the country are yet to be seen.
Here we list some key points for expats and businesses to consider when managing financial dealings in Kazakhstan:
Understand Kazakhstani tenge currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the KZT exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Kazakhstani tenge bank account: A local KZT bank account can make it easier for you to manage your finances and pay bills while you are in Kazakhstan. It may also be more convenient to use a local KZT bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Kazakhstan. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Kazakhstan. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Kazakhstan, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
The exchange rate of Kazakhstani tenge (KZT), or the amount of KZT that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest USD/KZT rate plus recent trend, chart, and historic rates.
Date | USD/KZT | Change | Period |
---|---|---|---|
15 Mar 2023 | 464.39 | 3.6% ▼ | 2 Week |
29 Dec 2022 | 461.54 | 3% ▼ | 3 Month |
29 Mar 2022 | 467.40 | 4.3% ▼ | 1 Year |
30 Mar 2018 | 319.28 | 40.1% ▲ | 5 Year |
31 Mar 2013 | 150.84 | 196.7% ▲ | 10 Year |
03 Apr 2003 | 155.71 | 187.4% ▲ | 20 Year |
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make an International Money Transfer to Kazakhstan or planning a trip or maybe living there, so will need to exchange and spend Kazakhstani tenge.
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It is important to note that the exchange rate of the Kazakhstani tenge can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect KZT exchange rates before making any financial decisions.