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KZT

Kazakhstani Tenge

KZT · Kazakhstan

34
Moderate
Risk
Historical Scores
313640Jul 2021Jul 2025Aug 2026
What does this mean for you?

The Kazakhstani Tenge is in decent shape overall, scoring 34 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.

Your savings need 12.9%/yr returns to not lose value. KZT100 today → KZT90 next year. Calculator ↓

Inflation
11.4%
Debt / GDP
20.9%
GDP Growth
6.5%
FX Volatility
35.8
Governance
Not available
Reserves
7.4 mo
Analysis
What's working well
Government debt is low — less pressure to print money
Economy is growing healthily
Healthy foreign currency reserves as a safety net
What to watch out for
Prices rising fast (11.4% per year) — your savings lose value quickly
Full Kazakhstan analysis →

Savings Impact Calculator

KZT
Holding cash in KZT11.4% inflation
KZT 583−KZT 417 (42% purchasing power lost)
Your KZT 1,000 buys 42% less in 5 years
What if you invested KZT 1,000 instead? (5yr, in KZT terms)
USD-denominated assets gain an additional ~8.4%/yr from expected KZT depreciation vs USD
Hold USD Cash
KZT 1300
+KZT 300
+5.4%/yr net in KZT
S&P 500
KZT 2326
+KZT 1326
range: KZT 1125–KZT 4383
10% USD return + 8.4% FX · ±16% vol
Gold
KZT 2136
+KZT 1136
range: KZT 673–KZT 5453
8% USD return + 8.4% FX · ±24% vol
Bitcoin
KZT 4223
+KZT 3223
range: KZT 315–KZT 23.1k
25% USD return + 8.4% FX · ±54% vol

All values in KZT. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~8.4%/yr based on the inflation differential between Kazakhstan (11.4%) 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.
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