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

Indian Rupee south african rand history for November 2023. The highest quote for this month is 0.22736 (30/11/2023) and the lowest 0.22523 (26/11/2023). The difference between high and low is 0.94.

INR ZAR average rate for November 2023 is 0.22234, the change between 01/11/2023 and 30/11/2023 is -0.54 %.

01 November 2023	1 INR = 0.2236 ZAR
02 November 2023	1 INR = 0.2165 ZAR
03 November 2023	1 INR = 0.2211 ZAR
06 November 2023	1 INR = 0.2196 ZAR
07 November 2023	1 INR = 0.2198 ZAR
08 November 2023	1 INR = 0.2203 ZAR
09 November 2023	1 INR = 0.2221 ZAR
10 November 2023	1 INR = 0.2239 ZAR
11 November 2023	1 INR = 0.2246 ZAR
12 November 2023	1 INR = 0.2248 ZAR
13 November 2023	1 INR = 0.2248 ZAR
14 November 2023	1 INR = 0.2245 ZAR
15 November 2023	1 INR = 0.2196 ZAR
16 November 2023	1 INR = 0.2185 ZAR
17 November 2023	1 INR = 0.2209 ZAR
18 November 2023	1 INR = 0.2207 ZAR
19 November 2023	1 INR = 0.2207 ZAR
20 November 2023	1 INR = 0.2201 ZAR
21 November 2023	1 INR = 0.2199 ZAR
22 November 2023	1 INR = 0.2233 ZAR
23 November 2023	1 INR = 0.2259 ZAR
24 November 2023	1 INR = 0.2257 ZAR
26 November 2023	1 INR = 0.2259 ZAR
27 November 2023	1 INR = 0.2255 ZAR
28 November 2023	1 INR = 0.2236 ZAR
29 November 2023	1 INR = 0.2227 ZAR
30 November 2023	1 INR = 0.2248 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