Kenyan shilling south african rand exchange rate history (KES ZAR) December 2023

Kenyan shilling south african rand history for December 2023. The highest quote for this month is 0.12557 (11/12/2023) and the lowest 0.12433 (06/12/2023). The difference between high and low is 0.99.

KES ZAR average rate for December 2023 is 0.12116, the change between 01/12/2023 and 31/12/2023 is +3.81 %.

01 December 2023	1 KES = 0.1237 ZAR
02 December 2023	1 KES = 0.1217 ZAR
03 December 2023	1 KES = 0.1217 ZAR
04 December 2023	1 KES = 0.1231 ZAR
05 December 2023	1 KES = 0.1235 ZAR
06 December 2023	1 KES = 0.1244 ZAR
07 December 2023	1 KES = 0.1245 ZAR
08 December 2023	1 KES = 0.1227 ZAR
10 December 2023	1 KES = 0.1238 ZAR
11 December 2023	1 KES = 0.1231 ZAR
12 December 2023	1 KES = 0.1252 ZAR
13 December 2023	1 KES = 0.1242 ZAR
14 December 2023	1 KES = 0.1224 ZAR
15 December 2023	1 KES = 0.1200 ZAR
16 December 2023	1 KES = 0.1195 ZAR
17 December 2023	1 KES = 0.1195 ZAR
18 December 2023	1 KES = 0.1186 ZAR
19 December 2023	1 KES = 0.1213 ZAR
20 December 2023	1 KES = 0.1194 ZAR
21 December 2023	1 KES = 0.1185 ZAR
22 December 2023	1 KES = 0.1174 ZAR
23 December 2023	1 KES = 0.1186 ZAR
24 December 2023	1 KES = 0.1186 ZAR
25 December 2023	1 KES = 0.1203 ZAR
26 December 2023	1 KES = 0.1198 ZAR
27 December 2023	1 KES = 0.1203 ZAR
28 December 2023	1 KES = 0.1176 ZAR
29 December 2023	1 KES = 0.1190 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.

01/10/2019: New Generation Banknotes

Kenya introduced a new series of banknotes with enhanced security features and design elements to fight illicit financial activities.

01/07/2010: Introduction of New Currency Denominations

Kenya introduced new currency denominations, including the 1000 shilling note, to combat money laundering and illegal financial activities.

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.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

14/09/1994: Transition to New Currency

Kenya introduced a new design of banknotes and coins to counter counterfeiting and promote national identity.

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.

01/07/1985: Second Devaluation of the Shilling

The Kenyan shilling was further devalued by 30% as part of economic reforms and structural adjustments.

01/08/1982: Currency Decimalization

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

14/09/1980: Devaluation of the Shilling

The Kenyan shilling was devalued by 30% as part of an austerity measure to address the country's economic challenges.

14/06/1969: Decimalization of the Shilling

Kenya decimalized its currency, dividing the shilling into 100 cents for easier transactions and financial calculations.

14/06/1966: Introduction of the Kenyan Shilling

The Kenyan shilling was introduced as the official currency of Kenya replacing the East African shilling as a result of Kenya's independence from British colonial rule.

14/09/1961: Introduction of the Rand

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

Historic Kenyan shilling South African rand