Bermudian dollar south african rand exchange rate history (BMD ZAR) June 2023

Bermudian dollar south african rand history for June 2023. The highest quote for this month is 19.913 (01/06/2023) and the lowest 19.572 (01/06/2023). The difference between high and low is 1.71.

BMD ZAR average rate for June 2023 is 18.76993, the change between 01/06/2023 and 30/06/2023 is +4.8 %.

01 June 2023	1 BMD = 19.70 ZAR
02 June 2023	1 BMD = 19.61 ZAR
03 June 2023	1 BMD = 19.50 ZAR
04 June 2023	1 BMD = 19.50 ZAR
05 June 2023	1 BMD = 19.52 ZAR
06 June 2023	1 BMD = 19.24 ZAR
07 June 2023	1 BMD = 19.17 ZAR
08 June 2023	1 BMD = 19.07 ZAR
09 June 2023	1 BMD = 18.82 ZAR
10 June 2023	1 BMD = 18.72 ZAR
12 June 2023	1 BMD = 18.68 ZAR
13 June 2023	1 BMD = 18.55 ZAR
14 June 2023	1 BMD = 18.60 ZAR
15 June 2023	1 BMD = 18.30 ZAR
16 June 2023	1 BMD = 18.19 ZAR
18 June 2023	1 BMD = 18.18 ZAR
19 June 2023	1 BMD = 18.20 ZAR
20 June 2023	1 BMD = 18.15 ZAR
21 June 2023	1 BMD = 18.37 ZAR
22 June 2023	1 BMD = 18.29 ZAR
23 June 2023	1 BMD = 18.50 ZAR
25 June 2023	1 BMD = 18.70 ZAR
26 June 2023	1 BMD = 18.73 ZAR
27 June 2023	1 BMD = 18.65 ZAR
28 June 2023	1 BMD = 18.51 ZAR
29 June 2023	1 BMD = 18.62 ZAR
30 June 2023	1 BMD = 18.75 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.

01/01/2019: Switch to the Bermuda dollar symbol

Bermuda officially adopted a new currency symbol for the Bermudian dollar, replacing the British pound sign used previously.

16/03/2015: Redesign of banknotes

The Bermuda Monetary Authority unveiled a redesigned series of banknotes featuring enhanced security features and updated designs.

01/05/2012: Introduction of polymer banknotes

Bermuda introduced polymer banknotes to replace paper currency for better durability and security.

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.

01/01/1997: Incorporation into Federal Reserve System

The US Federal Reserve System incorporated the Bermuda Monetary Authority into its banking system.

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.

06/01/1982: New notes and coins

Bermuda issued new notes and coins, featuring iconic local sights, to commemorate its 375th anniversary.

25/02/1972: Introduction of decimal coins

Bermuda introduced a decimal currency system, replacing the old pounds, shillings, and pence.

06/07/1970: Currency Board Agreement

Bermuda established a Currency Board System, pegging the Bermudian dollar at par with the US dollar.

14/09/1961: Introduction of the Rand

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

Historic Bermudian dollar South African rand