When sending money internationally, one of the most important factors to understand is the currency exchange rate. This rate plays a major role in determining how much value your recipient will actually receive. Even small changes in the rate can mean big differences—especially when you’re sending large sums or transferring money frequently.
If you’re planning to transfer money to Kazakhstan, understanding exchange rates becomes even more crucial. KoronaPay, a trusted payment system and mobile app, makes international money transfers easier across more than 50 countries in Europe and Asia. With KoronaPay, users can send funds quickly and securely—either to a card or for cash pickup—while keeping a close eye on exchange rates to maximize the value sent.
What Is a Currency Exchange Rate?
A currency exchange rate tells you how much one currency is worth in another. For example, if the EUR/KZT rate is 1 = 500, then 1 Euro equals 500 Kazakhstani Tenge. These rates change daily, influenced by market demand, inflation, interest rates, and geopolitical events.
There are two main types of exchange rates you’ll encounter:
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Mid-market rate: The “true” rate you see on financial websites—it’s the midpoint between buy and sell prices.
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Retail rate: The rate banks and money transfer services offer customers, usually including a markup.
Why Exchange Rates Matter for Your Transfers
When you send money abroad, the exchange rate applied can either help you—or cost you. Many people focus only on fees, but the exchange rate margin often hides the biggest costs. If a provider offers a poor rate, your recipient gets less.
Example:
Say you’re sending €1,000 to a family member in Kazakhstan.
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Mid-market rate: 1 EUR = 500 KZT → 500,000 KZT received
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Provider rate: 1 EUR = 480 KZT → 480,000 KZT received
That’s a 20,000 KZT difference—just from the exchange rate.
How KoronaPay Helps You Save
KoronaPay stands out by offering transparent exchange rates you can view before sending money. This gives you the chance to compare and choose the best time to send.
You can transfer money using:
1. Card Transfers
Send directly from your bank card to the recipient’s card. It’s fast, convenient, and secure. Learn how it works here: How to pay with a card
2. Cash Transfers
Great for people who prefer picking up cash in person. KoronaPay has a wide network of cash-out points. See the process here: How to send cash
In both cases, KoronaPay shows you the actual exchange rate before confirming the transaction, so there are no surprises.
Smart Tips for International Transfers
Want to get more value from every transfer? Try these tips:
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Compare rates regularly—don’t just go with your bank by default.
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Watch the market—if the transfer isn’t urgent, wait for a better rate.
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Use reliable apps like KoronaPay, which offer rate transparency and minimal fees.
Final Thoughts
The exchange rate is not just a technical detail—it directly affects how much money your recipient gets. Using a smart, secure service like KoronaPay puts you in control. Whether you’re sending cash or card transfers to Kazakhstan or elsewhere, being aware of the exchange rate ensures that your hard-earned money goes further.
Make every transfer count—check the rate, time it right, and choose a provider that’s upfront about what you’ll pay.
