The Russian ruble and Kazakhstani tenge are two popular currencies in the region, and understanding their conversion rates can be a challenge. The exchange rate between the two currencies is constantly changing.
To get an accurate conversion, you can use a reliable online currency converter or a mobile app. The exchange rate is determined by the supply and demand of the currencies in the foreign exchange market.
In general, the ruble is stronger than the tenge, which means you'll get more tenge for your ruble. As of our last update, the exchange rate is approximately 1 RUB = 7.5 KZT.
Additional reading: Buy Russian Ruble
Описание
The Kazakhstani tenge has its roots in the Turkic language, with the word "денег" meaning money in Russian, borrowed from the same source as the word for money in Turkish.
It was introduced in 1993, two years after Kazakhstan gained independence, replacing the Russian and Soviet rubles.
The tenge is the second most widely used national currency in the Eurasian Economic Union for international transactions within the customs union.
Related reading: Buy Russian Rubles
It's also the most liquid currency on the Moscow Exchange, excluding reserve currencies like the yuan, dollar, and euro, and often surpasses the Turkish lira in trading volume.
The tenge was decoupled from a basket of global currencies in 2015, making its exchange rate free-floating, similar to the Russian ruble.
The interdependence of the ruble and tenge is due to the lack of customs borders between Russia and Kazakhstan, making them transit countries for each other in international trade.
The value of the tenge, like the ruble, is influenced by oil prices, resulting in stable exchange rates between the two currencies, except for unusual fluctuations in 2022.
The tenge has been traded on the Moscow Exchange since 2018, with a price range of 40% decline to 55% increase compared to its initial trading value.
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Starting to Invest
The Russian ruble (RUB) has historically been more stable than the Kazakhstani tenge (KZT) with an average annual inflation rate of 4.1% compared to 7.3% for the tenge.
Discover more: Kazakh Tenge to Euro
Before investing in the ruble or tenge, it's essential to understand the risks involved, including currency fluctuations and market volatility.
The ruble has shown resilience in the face of economic downturns, with a minimum value of 1 RUB being equivalent to 0.008 KZT in 2015.
Investors should consider their financial goals, risk tolerance, and time horizon before making a decision.
The ruble has been relatively stable in recent years, with a minimum value of 1 RUB being equivalent to 0.013 KZT in 2022.
It's crucial to diversify your portfolio to minimize risk and maximize returns.
Investing in the ruble or tenge can be a great way to gain exposure to the Russian and Kazakhstani economies, but it's essential to do your research and understand the potential risks and rewards.
Курс рубля
You can easily find the current exchange rate of the Russian ruble in Kazakh banks by selecting the date you're interested in - today, tomorrow, or yesterday.
To get the most up-to-date information, choose the date and get the current exchange rate of the Russian ruble in Kazakh banks.
You can select the most favorable exchange rate for your operations.
Our website also allows you to calculate how much you can buy or sell a specific amount of Russian rubles using the current exchange rates.
To get precise and up-to-date information about the change in the Russian ruble exchange rate to the Kazakh tenge, use our special section on the website.
Here, you'll find a complete list of current exchange rates for the Russian ruble in all Kazakh banks.
We've highlighted the best exchange rates for buying and selling Russian rubles in color for your convenience.
To calculate the exact amount of exchange, use our currency converter, which takes into account the current exchange rate of the Russian ruble in Kazakh banks.
Быстрая Конвертация
If you're looking for the best exchange rate for converting rubles to tenges, you'll want to check out the current exchange rates from various banks.
The exchange rate for 1 KZT to RUB is 5.25, according to the National Bank of the Republic of Kazakhstan.
KZIBank offers the best exchange rate at 5.31 RUB for buying and selling, with a sum of 5.31 KZT.
BCCBank's exchange rate is 5.45 RUB for buying and 4.95 RUB for selling, with a sum of 5.45 KZT.
FreedomBank's exchange rate is 5.60 RUB for buying and 5.10 RUB for selling, with a sum of 5.60 KZT.
Altynbank's exchange rate is 5.74 RUB for buying and 4.74 RUB for selling, with a sum of 5.74 KZT.
RBK Bank's exchange rate is 5.77 RUB for buying and 4.82 RUB for selling, with a sum of 5.77 KZT.
Here's a summary of the exchange rates from each bank:
The average buying rate is 5.57 RUB, while the average selling rate is 4.94 RUB.
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