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Arbitrum to Kazakhstani Tenge Converter and calculator

Convert 1Arbitrum (ARB) to Kazakhstani Tenge (KZT) equals ₸ 548.13 | Bitget

KZT 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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Bitget crypto-to-fiat exchange data shows that the most popular Arbitrum currency pair is the ARB to KZT, with for Arbitrum's currency code being ARB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for KZT.

ARB to KZT conversion rate trend

1D7D1M3M1YAll
In the past 1D, Arbitrum has changed +9.74% to KZT. Based on the trend and price charts, Arbitrum(ARB) has changed +9.74% to KZT while Kazakhstani Tenge(KZT) has changed % to ARB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₸557.07
0.0001% / 0.0004%vip-iconVIP
Binance
₸554.87
0.1000% / 0.1000%
Yes
OKX
₸555.05
0.080% / 0.100%
Yes
Huobi
₸555.18
0.1000% / 0.1000%
Yes
Gate.io
₸554.78
0.1000% / 0.1000%
Yes
Bybit
₸556.84
0.1000% / 0.1000%
Yes
KuCoin
₸555.27
0.1000% / 0.1000%
Yes
Bitfinex
₸552.13
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 14:00:31(UTC+0)

What factors influence the conversion rate of Arbitrum to Kazakhstani Tenge?

Arbitrum to Kazakhstani Tenge is falling this week.
Arbitrum's current market price is ₸ 548.13 per ARB, with a total market cap of ₸ 1,454,691,125,885.36 KZT based on a circulating supply of 2,653,939,500 ARB. The trading volume of Arbitrum has changed by -41.86% (₸ -225,286,447,073.50 KZT) in the last 24 hours. Last trading day, ARB's trading volume was ₸ 538,132,420,245.08.
Market cap
$3.24B
24h volume
$696.66M
Circulating supply
2.65B ARB

Conversion tables

The exchange rate of Arbitrum is decreasing.
1 ARB is currently valued at ₸ 548.13 KZT , which means buying 5 ARB will cost ₸ 2,740.63 KZT . Similarly, ₸1 KZT can be traded for 0.001824 ARB, and ₸50 KZT can be converted to 0.09122 ARB, excluding any platform or gas fees.
The exchange rate of 1 ARB to Kazakhstani Tenge has changed by -21.31% in the last 7 days. In the last 24 hours, the rate has fluctuated by +9.74%, reaching a high of 568.45 KZT and a low of 498.14 KZT . One month ago, the value of 1 ARB was ₸ 824.89 KZT , which represents a -33.55% change from its current value. Over the last year, Arbitrum has changed by
-
175.02KZT
, resulting in a change of -24.20% in its value.

ARB to KZT

Amount
14:43 today
0.5 ARB
274.06
1 ARB
548.13
5 ARB
2,740.63
10 ARB
5,481.25
50 ARB
27,406.26
100 ARB
54,812.52
500 ARB
274,062.61
1000 ARB
548,125.22

KZT to ARB

Amount14:43 today
0.5KZT0.0009122  ARB
1KZT0.001824  ARB
5KZT0.009122  ARB
10KZT0.01824  ARB
50KZT0.09122  ARB
100KZT0.1824  ARB
500KZT0.9122  ARB
1000KZT1.82  ARB
share

Today vs. 24 hours ago

Amount14:43 today24 hours ago24h change
0.5 ARB$0.6103$0.5561
+9.74%
1 ARB$1.22$1.11
+9.74%
5 ARB$6.1$5.56
+9.74%
10 ARB$12.21$11.12
+9.74%
50 ARB$61.03$55.61
+9.74%
100 ARB$122.06$111.22
+9.74%
500 ARB$610.29$556.1
+9.74%
1000 ARB$1,220.58$1,112.2
+9.74%

Today vs. 1 month ago

Amount14:43 today1 month ago1M change
0.5 ARB$0.6103$0.9184
-33.55%
1 ARB$1.22$1.84
-33.55%
5 ARB$6.1$9.18
-33.55%
10 ARB$12.21$18.37
-33.55%
50 ARB$61.03$91.84
-33.55%
100 ARB$122.06$183.69
-33.55%
500 ARB$610.29$918.45
-33.55%
1000 ARB$1,220.58$1,836.89
-33.55%

Today vs. 1 year ago

Amount14:43 today1 year ago1Y change
0.5 ARB$0.6103$0.8052
-24.20%
1 ARB$1.22$1.61
-24.20%
5 ARB$6.1$8.05
-24.20%
10 ARB$12.21$16.1
-24.20%
50 ARB$61.03$80.52
-24.20%
100 ARB$122.06$161.03
-24.20%
500 ARB$610.29$805.16
-24.20%
1000 ARB$1,220.58$1,610.32
-24.20%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.