Historic Albanian lek South African rand

Albanian lek south african rand history for February 2024. The highest quote for this month is 0.20677 (26/02/2024) and the lowest 0.20621 (26/02/2024). The difference between high and low is 0.27.

ALL ZAR average rate for February 2024 is 0.19917, the change between 01/02/2024 and 29/02/2024 is -5.68 %.

01 February 20241 ALL = 0.1949 ZAR
02 February 20241 ALL = 0.1948 ZAR
05 February 20241 ALL = 0.2003 ZAR
06 February 20241 ALL = 0.2015 ZAR
07 February 20241 ALL = 0.1948 ZAR
08 February 20241 ALL = 0.1960 ZAR
09 February 20241 ALL = 0.1970 ZAR
12 February 20241 ALL = 0.2015 ZAR
13 February 20241 ALL = 0.1973 ZAR
14 February 20241 ALL = 0.1977 ZAR
15 February 20241 ALL = 0.1972 ZAR
16 February 20241 ALL = 0.1973 ZAR
19 February 20241 ALL = 0.2001 ZAR
20 February 20241 ALL = 0.2016 ZAR
21 February 20241 ALL = 0.1980 ZAR
22 February 20241 ALL = 0.1981 ZAR
23 February 20241 ALL = 0.2006 ZAR
26 February 20241 ALL = 0.2066 ZAR
27 February 20241 ALL = 0.2016 ZAR
28 February 20241 ALL = 0.1999 ZAR
29 February 20241 ALL = 0.2060 ZAR

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

31/12/2011: Replacement of 1 Lek coin

The 1 lek coin was demonetized and replaced by a banknote. The decision was made due to the high cost of producing the coin.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

08/02/2000: Introduction of new banknotes and coins

A new series of banknotes and coins were introduced, featuring enhanced security features and updated designs.

02/03/1997: Collapse of pyramid schemes

The collapse of pyramid schemes in Albania caused a severe economic crisis, resulting in hyperinflation and a significant devaluation of the lek.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

26/06/1992: Transition to a market economy

Albania transitioned to a market economy, leading to a significant depreciation of the lek. The exchange rate changed to 1 lek = 9.3 old lek.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

01/10/1965: Introduction of the new lek

A new series of banknotes and coins were introduced, marking the transition to the new lek. The exchange rate was set at 1 new lek = 10 old lek.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

22/12/1947: Albania becomes a communist state

Following the establishment of a communist regime in Albania, the currency underwent a major devaluation, with the exchange rate changing to 1 lek = 12.5 old lek.

01/09/1926: Introduction of the Albanian lek

The lek was introduced as the official currency of Albania, replacing the previous currency, the Turkish lira. The exchange rate was set at 1 lek = 35 Turkish lira.