Guyanese dollar south african rand exchange rate history (GYD ZAR) August 2023

Guyanese dollar south african rand history for August 2023. The highest quote for this month is 0.09577 (17/08/2023) and the lowest 0.09495 (16/08/2023). The difference between high and low is 0.86.

GYD ZAR average rate for August 2023 is 0.09334, the change between 01/08/2023 and 31/08/2023 is -4.67 %.

01 August 2023	1 GYD = 0.0892 ZAR
02 August 2023	1 GYD = 0.0911 ZAR
03 August 2023	1 GYD = 0.0920 ZAR
04 August 2023	1 GYD = 0.0932 ZAR
07 August 2023	1 GYD = 0.0928 ZAR
08 August 2023	1 GYD = 0.0934 ZAR
09 August 2023	1 GYD = 0.0945 ZAR
10 August 2023	1 GYD = 0.0946 ZAR
11 August 2023	1 GYD = 0.0940 ZAR
12 August 2023	1 GYD = 0.0911 ZAR
14 August 2023	1 GYD = 0.0942 ZAR
15 August 2023	1 GYD = 0.0953 ZAR
16 August 2023	1 GYD = 0.0948 ZAR
17 August 2023	1 GYD = 0.0958 ZAR
18 August 2023	1 GYD = 0.0952 ZAR
20 August 2023	1 GYD = 0.0913 ZAR
21 August 2023	1 GYD = 0.0950 ZAR
22 August 2023	1 GYD = 0.0948 ZAR
23 August 2023	1 GYD = 0.0937 ZAR
24 August 2023	1 GYD = 0.0923 ZAR
25 August 2023	1 GYD = 0.0939 ZAR
28 August 2023	1 GYD = 0.0931 ZAR
29 August 2023	1 GYD = 0.0928 ZAR
30 August 2023	1 GYD = 0.0922 ZAR
31 August 2023	1 GYD = 0.0933 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.

01/01/2020: Transition to Polymer Banknotes

Polymer banknotes were introduced in Guyana, enhancing the durability and security features of the Guyanese dollar.

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.

03/02/2003: Redenomination of the Currency

The Guyanese dollar underwent a redenomination, with old banknotes replaced by new notes at a rate of 1,000 old dollars to 1 new dollar.

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.

01/01/1995: 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.

05/10/1992: Resumption of Banking System

The resumption of the banking system in Guyana significantly improved the stability and accessibility of the Guyanese dollar.

01/08/1982: Currency Decimalization

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

26/05/1966: Independence of Guyana

Following Guyana's independence from Britain, the currency was renamed from British Guiana dollar to Guyanese dollar.

14/09/1961: Introduction of the Rand

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

12/09/1951: Currency Board Established

A Currency Board was established to manage the British Guiana dollar, ensuring its stability and convertibility.

06/08/1917: Currency Act of 1917

The British Guiana dollar was revalued at a rate of 4.80 dollars to 1 U.S. dollar, following the Currency Act of 1917.

18/01/1839: Introduction of the British Guiana dollar

British Guiana dollar introduced as the official currency of British Guiana, replacing the Spanish and Portuguese coins previously in circulation.

Historic Guyanese dollar South African rand