Indian Rupee south african rand exchange rate history (INR ZAR) December 2023

Indian Rupee south african rand history for December 2023. The highest quote for this month is 0.22935 (11/12/2023) and the lowest 0.23113 (08/12/2023). The difference between high and low is -0.78.

INR ZAR average rate for December 2023 is 0.22353, the change between 01/12/2023 and 31/12/2023 is +0.18 %.

01 December 2023	1 INR = 0.2260 ZAR
02 December 2023	1 INR = 0.2239 ZAR
03 December 2023	1 INR = 0.2239 ZAR
04 December 2023	1 INR = 0.2234 ZAR
05 December 2023	1 INR = 0.2253 ZAR
06 December 2023	1 INR = 0.2274 ZAR
07 December 2023	1 INR = 0.2277 ZAR
08 December 2023	1 INR = 0.2256 ZAR
10 December 2023	1 INR = 0.2275 ZAR
11 December 2023	1 INR = 0.2266 ZAR
12 December 2023	1 INR = 0.2288 ZAR
13 December 2023	1 INR = 0.2269 ZAR
14 December 2023	1 INR = 0.2240 ZAR
15 December 2023	1 INR = 0.2199 ZAR
16 December 2023	1 INR = 0.2211 ZAR
17 December 2023	1 INR = 0.2211 ZAR
18 December 2023	1 INR = 0.2202 ZAR
19 December 2023	1 INR = 0.2235 ZAR
20 December 2023	1 INR = 0.2205 ZAR
21 December 2023	1 INR = 0.2192 ZAR
22 December 2023	1 INR = 0.2185 ZAR
23 December 2023	1 INR = 0.2219 ZAR
24 December 2023	1 INR = 0.2219 ZAR
25 December 2023	1 INR = 0.2221 ZAR
26 December 2023	1 INR = 0.2218 ZAR
27 December 2023	1 INR = 0.2242 ZAR
28 December 2023	1 INR = 0.2204 ZAR
29 December 2023	1 INR = 0.2256 ZAR

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

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.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

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.

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

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.

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

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.

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.

Historic Indian Rupee South African rand