Pound sterling south african rand exchange rate history (GBP ZAR) November 2023

Pound sterling south african rand history for November 2023. The highest quote for this month is 23.905 (30/11/2023) and the lowest 23.728 (30/11/2023). The difference between high and low is 0.74.

GBP ZAR average rate for November 2023 is 23.0032, the change between 01/11/2023 and 30/11/2023 is -5.1 %.

01 November 2023	1 GBP = 22.63 ZAR
02 November 2023	1 GBP = 22.47 ZAR
03 November 2023	1 GBP = 22.44 ZAR
06 November 2023	1 GBP = 22.60 ZAR
07 November 2023	1 GBP = 22.58 ZAR
08 November 2023	1 GBP = 22.54 ZAR
09 November 2023	1 GBP = 22.71 ZAR
10 November 2023	1 GBP = 22.79 ZAR
12 November 2023	1 GBP = 22.90 ZAR
13 November 2023	1 GBP = 22.90 ZAR
14 November 2023	1 GBP = 22.93 ZAR
15 November 2023	1 GBP = 22.77 ZAR
16 November 2023	1 GBP = 22.58 ZAR
17 November 2023	1 GBP = 22.80 ZAR
19 November 2023	1 GBP = 22.89 ZAR
20 November 2023	1 GBP = 22.83 ZAR
21 November 2023	1 GBP = 22.92 ZAR
22 November 2023	1 GBP = 23.34 ZAR
23 November 2023	1 GBP = 23.57 ZAR
24 November 2023	1 GBP = 23.57 ZAR
26 November 2023	1 GBP = 23.72 ZAR
27 November 2023	1 GBP = 23.67 ZAR
28 November 2023	1 GBP = 23.55 ZAR
29 November 2023	1 GBP = 23.61 ZAR
30 November 2023	1 GBP = 23.78 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.

Historic Pound sterling South African rand