Convert 12550 Kazakhstani Tenge (KZT) to Canadian Dollar (CAD)
Exchange rates used for currency conversion updated on May 04th 2024 ( 05/04/2024 )
Below you will find the latest exchange rates for exchanging Kazakhstani Tenge (KZT) to Canadian Dollar (CAD) , a table containing most common conversions and a chart with the pair's evolution.
The Kazakhstani Tenge (KZT) to Canadian Dollar (CAD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The currency exchange rate, calculated between Kazakhstani Tenge and Canadian Dollar on 05/04/2024 is 1 KZT = 0.0031 CAD - AVERAGE intraday quotes were used for this currency conversion.
The Kazakhstan official currency is the Kazakhstani tenge. Known in currency circles as the KZT and written in monetary transactions as "лв", each tenge can be subdivided into 100 tiin. The tiin remains in existence for accounting purposes, but there are no tiin denominated currency units in current circulation.
The National Bank of Kazakhstan is the Kazakhstani central bank and sole issuer of currency within the country. Under current issuance are coins valued at лв1, лв2, лв5, лв10, лв20, лв50, and лв100 and paper currency valued at лв200, лв500, лв1,000, лв2,000, лв5,000, and лв10,000.
About Canadian Dollar (CAD)
The Bank of Canada manges the circulation and monetary policy of the floating yet highly dependent currency. The Canadian dollar (CAD) is heavily intertwined with economic developments in the United States and the USD this is compounded with the high trade dependence Canada shares with the US and is only mitigated by the price of commodities such as oil in which Canada is a net exporter and therefore can leverage these exports to support the CAD independent of the USD. The Bank of Canada follows its mandate of promoting the economic well being of the nation in juxtaposition to the mandate of many central banks as price stability.
