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    Currency in Kazakhstan

    A practical currency and money guide to travel, living and doing business in Kazakhstan and the Kazakhstani tenge (KZT).

     

    What currency is used in Kazakhstan?

    The official currency of Kazakhstan (country code: KZ) is the Kazakhstani tenge, with symbol лв and currency code KZT.

    Things to know about the Kazakhstani tenge

    Here are some things you might want to know about the Kazakhstani Tenge (KZT):

    1. It is the official currency of Kazakhstan, a country located in Central Asia.
    2. It is abbreviated as KZT and is made up of 100 tiyin.
    3. The National Bank of Kazakhstan is responsible for issuing the currency and managing the country's monetary policy.
    4. The Kazakhstani Tenge is not pegged to any other currency, and its value is determined by market forces.
    5. The current exchange rate of the Kazakhstani Tenge can be found on various financial news and online currency exchange sites.
    6. The Kazakhstani Tenge comes in denominations of 1000, 2000, 5000, 10,000, 20,000, 50,000, and 100,000 tenge. The coins come in denominations of 1, 3, 5, 10, 20, and 50 tiyin.
    7. The physical currency features images of notable figures and landmarks from Kazakhstan's history and culture, as well as Kazakh and Russian inscriptions.
    8. The Kazakhstani Tenge is not widely accepted outside of Kazakhstan, so it is important to exchange it for a more widely accepted

    An example Kazakhstani tenge banknote

     

    Travel Ideas and Money Tips for Kazakhstan

    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.

    Best things to do and see 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.

    Top Travel tips for Kazakhstan

    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.

    What currency should I use 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.

     

     

    Expat Money & Business Guide to Kazakhstan

    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.

    Top Travel tips for Kazakhstan

    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.

    What's the best way to pay in Kazakhstan?

    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.

    How is the cost of living in Kazakhstan?

    The cost of living in Kazakhstan is very reasonable. food, transportation, and housing are all relatively inexpensive when compared to other countries.

    How is the expat life in Kazakhstan?

    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.

    Any laws in Kazakhstan that foreigners should be aware of?

    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.

    What is doing business like in Kazakhstan?

    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.

    Managing your finances in Kazakhstan

    Here we list some key points for expats and businesses to consider when managing financial dealings in Kazakhstan:

    1. 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.

    2. 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.

    3. 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.

    4. 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.

    5. 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.

     

    USD/KZT – Market Data

    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.

    1 USD = 447.47 KZT
    Sell USD  →  Buy KZT
    USD to KZT at 447.5 is 1.7% below its 3-month average of 455.3, having fluctuated within a 7.9% range of 431.2-465.3
    |
     
    USDKZT :
    14-DAYLOW
    7-DAY-3.7%
     

    DateUSD/KZTChangePeriod
    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
    USD/KZT historic rates & change to 29-Mar-2023

     

    Compare Kazakhstani tenge Exchange Rates & Fees

    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.

    Loading comparison rates...

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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.

     

     

     

     

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