Historic Pound sterling South African rand

Pound sterling south african rand history for February 2024. The highest quote for this month is 24.514 (23/02/2024) and the lowest 24.441 (26/02/2024). The difference between high and low is 0.3.

GBP ZAR average rate for February 2024 is 23.97404, the change between 01/02/2024 and 29/02/2024 is -3.31 %.

01 February 20241 GBP = 23.60 ZAR
02 February 20241 GBP = 23.67 ZAR
05 February 20241 GBP = 23.83 ZAR
06 February 20241 GBP = 23.88 ZAR
07 February 20241 GBP = 23.72 ZAR
08 February 20241 GBP = 23.86 ZAR
09 February 20241 GBP = 23.94 ZAR
11 February 20241 GBP = 24.05 ZAR
12 February 20241 GBP = 23.98 ZAR
13 February 20241 GBP = 23.86 ZAR
14 February 20241 GBP = 24.02 ZAR
15 February 20241 GBP = 23.92 ZAR
16 February 20241 GBP = 23.86 ZAR
18 February 20241 GBP = 23.74 ZAR
19 February 20241 GBP = 23.74 ZAR
20 February 20241 GBP = 23.84 ZAR
21 February 20241 GBP = 23.87 ZAR
22 February 20241 GBP = 23.88 ZAR
23 February 20241 GBP = 24.25 ZAR
25 February 20241 GBP = 24.46 ZAR
26 February 20241 GBP = 24.47 ZAR
27 February 20241 GBP = 24.37 ZAR
28 February 20241 GBP = 24.18 ZAR
29 February 20241 GBP = 24.38 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.

23/06/2016: Brexit Referendum

The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.

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.

31/12/1999: Establishment of the Euro

The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.

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.

16/09/1992: Black Wednesday

The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).

01/08/1982: Currency Decimalization

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

14/02/1971: Decimalization of the Pound

The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal currency.

14/09/1961: Introduction of the Rand

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

06/12/1921: Currency Separation with Ireland

Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.

21/12/1816: Gold Standard Introduced

The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.

27/07/1694: Bank of England Established

The Bank of England was founded and granted a royal charter, becoming the central bank of England.
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