Brazilian Real south african rand exchange rate history (BRL ZAR) October 2023

Brazilian Real south african rand history for October 2023. The highest quote for this month is 3.8425 (26/10/2023) and the lowest 3.8067 (25/10/2023). The difference between high and low is 0.93.

BRL ZAR average rate for October 2023 is 3.76145, the change between 01/10/2023 and 31/10/2023 is +0.47 %.

01 October 2023	1 BRL = 3.750 ZAR
02 October 2023	1 BRL = 3.744 ZAR
03 October 2023	1 BRL = 3.796 ZAR
04 October 2023	1 BRL = 3.735 ZAR
05 October 2023	1 BRL = 3.748 ZAR
06 October 2023	1 BRL = 3.777 ZAR
07 October 2023	1 BRL = 3.749 ZAR
09 October 2023	1 BRL = 3.762 ZAR
10 October 2023	1 BRL = 3.727 ZAR
11 October 2023	1 BRL = 3.762 ZAR
12 October 2023	1 BRL = 3.725 ZAR
13 October 2023	1 BRL = 3.768 ZAR
16 October 2023	1 BRL = 3.758 ZAR
17 October 2023	1 BRL = 3.727 ZAR
18 October 2023	1 BRL = 3.731 ZAR
19 October 2023	1 BRL = 3.752 ZAR
20 October 2023	1 BRL = 3.753 ZAR
21 October 2023	1 BRL = 3.753 ZAR
22 October 2023	1 BRL = 3.772 ZAR
23 October 2023	1 BRL = 3.771 ZAR
24 October 2023	1 BRL = 3.781 ZAR
25 October 2023	1 BRL = 3.809 ZAR
26 October 2023	1 BRL = 3.830 ZAR
27 October 2023	1 BRL = 3.798 ZAR
28 October 2023	1 BRL = 3.761 ZAR
29 October 2023	1 BRL = 3.762 ZAR
30 October 2023	1 BRL = 3.789 ZAR
31 October 2023	1 BRL = 3.733 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.

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

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.

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

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.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

01/01/1995: Establishment of Reserve Bank Independence

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

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.

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.

14/09/1961: Introduction of the Rand

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

Historic Brazilian Real South African rand