News
Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·Al JazeeraIs the US trying to force regime change in Cuba?·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·SCMPUS extends Russian oil waiver by 30 days as Hormuz closure chokes supply·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·Al JazeeraIs the US trying to force regime change in Cuba?·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·SCMPUS extends Russian oil waiver by 30 days as Hormuz closure chokes supply·
← Back to Intelligence Dashboard
🇰🇿
KZT

Kazakhstani Tenge

KZT · Kazakhstan

32
Moderate
Risk
Historical Scores
293540Jul 2021Jul 2023May 2026
What does this mean for you?

The Kazakhstani Tenge is in decent shape overall, scoring 32 out of 100. There are some areas to watch, but no immediate danger. Your money is holding its value reasonably well compared to most currencies.

You need at least 10.2%/yr returns. Money in a basic account is slowly losing value. Calculator ↓

Inflation
8.7%
Debt / GDP
20.9%
GDP Growth
5.0%
FX Volatility
20.2
Governance
Not available
Reserves
5.3 mo
Analysis
What's working well
Government debt is low — less pressure to print money
Economy is growing healthily
Banking system is in good shape
What to watch out for
No major concerns
Full Kazakhstan analysis →

Savings Impact Calculator

KZT
Holding cash in KZT8.7% inflation
KZT 659−KZT 341 (34% purchasing power lost)
Your KZT 1,000 buys 34% less in 5 years
What if you invested KZT 1,000 instead? (5yr, in KZT terms)
USD-denominated assets gain an additional ~5.7%/yr from expected KZT depreciation vs USD
Hold USD Cash
KZT 1142
+KZT 142
+2.7%/yr net in KZT
S&P 500
KZT 2072
+KZT 1072
range: KZT 985–KZT 3961
10% USD return + 5.7% FX · ±16% vol
Gold
KZT 1899
+KZT 899
range: KZT 580–KZT 4949
8% USD return + 5.7% FX · ±24% vol
Bitcoin
KZT 3813
+KZT 2813
range: KZT 265–KZT 21.5k
25% USD return + 5.7% FX · ±54% vol

All values in KZT. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~5.7%/yr based on the inflation differential between Kazakhstan (8.7%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Holding other assets too? Calculate your full portfolio risk →
This score is based on our 12-factor risk model. Think inflation or debt should matter more? Build your own model with custom weights and see how KZT ranks differently.
Intelligence DashboardCompare currenciesBuild your model