Barbadian dollar south african rand exchange rate history (BBD ZAR) October 2023

Barbadian dollar south african rand history for October 2023. The highest quote for this month is 9.956 (05/10/2023) and the lowest 9.796 (09/10/2023). The difference between high and low is 1.61.

BBD ZAR average rate for October 2023 is 9.618, the change between 01/10/2023 and 31/10/2023 is -1.31 %.

01 October 2023	1 BBD = 9.44 ZAR
02 October 2023	1 BBD = 9.55 ZAR
03 October 2023	1 BBD = 9.73 ZAR
04 October 2023	1 BBD = 9.78 ZAR
05 October 2023	1 BBD = 9.81 ZAR
06 October 2023	1 BBD = 9.92 ZAR
07 October 2023	1 BBD = 9.65 ZAR
08 October 2023	1 BBD = 9.65 ZAR
09 October 2023	1 BBD = 9.86 ZAR
10 October 2023	1 BBD = 9.71 ZAR
11 October 2023	1 BBD = 9.63 ZAR
12 October 2023	1 BBD = 9.54 ZAR
13 October 2023	1 BBD = 9.64 ZAR
16 October 2023	1 BBD = 9.62 ZAR
17 October 2023	1 BBD = 9.52 ZAR
18 October 2023	1 BBD = 9.54 ZAR
19 October 2023	1 BBD = 9.62 ZAR
20 October 2023	1 BBD = 9.64 ZAR
21 October 2023	1 BBD = 9.44 ZAR
22 October 2023	1 BBD = 9.49 ZAR
23 October 2023	1 BBD = 9.64 ZAR
24 October 2023	1 BBD = 9.61 ZAR
25 October 2023	1 BBD = 9.64 ZAR
26 October 2023	1 BBD = 9.70 ZAR
27 October 2023	1 BBD = 9.60 ZAR
28 October 2023	1 BBD = 9.43 ZAR
29 October 2023	1 BBD = 9.43 ZAR
30 October 2023	1 BBD = 9.54 ZAR
31 October 2023	1 BBD = 9.56 ZAR

26/06/2020: Currency peg under review

Barbados announced that it would review the decades-long currency peg of 2:1 with the US dollar, considering a shift to a floating exchange rate.

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.

05/08/2013: Devaluation of currency

Barbados devalued its currency by 10% to stimulate economic growth and competitiveness.

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.

24/07/1995: New currency design

Barbados introduced a new design for its currency, featuring national symbols and landmarks.

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.

01/08/1982: Currency Decimalization

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

05/05/1975: Introduction of decimalization

Barbados introduced decimalization, dividing the Barbadian Dollar into 100 cents.

01/01/1973: Fixed exchange rate

Barbados fixed its currency exchange rate to the US dollar at a rate of 2 Barbadian Dollars to 1 US Dollar.

03/07/1972: Barbados gains independence

Barbados gained independence from British rule, leading to the establishment of the Central Bank of Barbados.

14/09/1961: Introduction of the Rand

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

01/10/1935: Introduction of Barbadian Dollar

The Barbadian Dollar was introduced as the official currency of Barbados, replacing the East Caribbean dollar.

Historic Barbadian dollar South African rand