589 to KZT Converter and calculator

Conversion rates
Convert 589 to KZT
Convert KZT to 589
589 to KZT chart
589 to KZT conversion data: Volatility and price changes of 589 in KZT
| Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
|---|---|---|---|---|
High | 0.04576 KZT | -- KZT | -- KZT | -- KZT |
Low | 0.006162 KZT | -- KZT | -- KZT | -- KZT |
Average | 0 KZT | 0 KZT | 0 KZT | 0 KZT |
Volatility | % | % | % | % |
Change | +6.38% | -- | -- | -- |
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589 information
589 to KZT market statistics
Current 589 to KZT exchange rate
589 to Kazakhstani Tenge is falling this week.More info about 589 on Bitget
Kazakhstani Tenge 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.
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589 to KZT Conversion tables
| Amount | 21:27 today | 24 hours ago | 24h change |
|---|---|---|---|
0.5 589 | ₸0.02275 | ₸-- | +6.38% |
1 589 | ₸0.04550 | ₸-- | +6.38% |
5 589 | ₸0.2275 | ₸-- | +6.38% |
10 589 | ₸0.4550 | ₸-- | +6.38% |
50 589 | ₸2.27 | ₸-- | +6.38% |
100 589 | ₸4.55 | ₸-- | +6.38% |
500 589 | ₸22.75 | ₸-- | +6.38% |
1000 589 | ₸45.5 | ₸-- | +6.38% |
589 to KZT FAQ
What factors influence the conversion rate of 589 to KZT?
Popular exchange rates — Crypto-to-Fiat converter
The price of 589 in the US is $0.{4}8903 USD. Additionally, 589’s price is €0.{4}7650 EUR in the eurozone, £0.{4}6681 GBP in the UK, C$0.0001233 CAD in Canada, ₹0.008025 INR in India, ₨0.02495 PKR in Pakistan, R$0.0004827 BRL in Brazil, and more.
The most popular 589 currency pair is the 589 to Kazakhstani Tenge(KZT). The price of 1 589 (589) in Kazakhstani Tenge (KZT) is ₸0.04550.
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