Moldovan Leu south african rand exchange rate history (MDL ZAR) August 2023

Moldovan Leu south african rand history for August 2023. The highest quote for this month is 1.1113 (15/08/2023) and the lowest 1.0963 (15/08/2023). The difference between high and low is 1.35.

MDL ZAR average rate for August 2023 is 1.07354, the change between 01/08/2023 and 31/08/2023 is -3.65 %.

01 August 2023	1 MDL = 1.026 ZAR
02 August 2023	1 MDL = 1.036 ZAR
03 August 2023	1 MDL = 1.054 ZAR
04 August 2023	1 MDL = 1.074 ZAR
07 August 2023	1 MDL = 1.074 ZAR
08 August 2023	1 MDL = 1.083 ZAR
09 August 2023	1 MDL = 1.087 ZAR
10 August 2023	1 MDL = 1.086 ZAR
11 August 2023	1 MDL = 1.080 ZAR
12 August 2023	1 MDL = 1.081 ZAR
14 August 2023	1 MDL = 1.086 ZAR
15 August 2023	1 MDL = 1.101 ZAR
16 August 2023	1 MDL = 1.105 ZAR
17 August 2023	1 MDL = 1.103 ZAR
18 August 2023	1 MDL = 1.096 ZAR
20 August 2023	1 MDL = 1.077 ZAR
21 August 2023	1 MDL = 1.087 ZAR
22 August 2023	1 MDL = 1.080 ZAR
23 August 2023	1 MDL = 1.073 ZAR
24 August 2023	1 MDL = 1.050 ZAR
25 August 2023	1 MDL = 1.072 ZAR
28 August 2023	1 MDL = 1.061 ZAR
29 August 2023	1 MDL = 1.055 ZAR
30 August 2023	1 MDL = 1.050 ZAR
31 August 2023	1 MDL = 1.063 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.

04/06/2018: Introduction of New Banknotes

Moldova introduced a new series of banknotes with enhanced security features to combat counterfeiting.

01/07/2015: Currency Pegged to Euro

Moldova pegged its currency, the Leu, to the Euro at a fixed exchange rate to stabilize the economy and attract foreign investment.

10/05/2010: Euro as Legal Tender

Moldova adopted the Euro as its official currency, though it is not a member of the Eurozone.

29/04/2009: Revaluation

Moldova carried out a currency revaluation, changing the exchange rate from 10,000 old Lei to 1 new Leu.

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.

29/10/1999: Introduction of Polymer Banknotes

Polymer banknotes were introduced in Moldova, increasing security and durability of the currency.

01/01/1995: Establishment of Reserve Bank Independence

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

29/05/1994: Redenomination

Moldova underwent a redenomination process, where 1000 old Lei were exchanged for 1 new Leu to combat hyperinflation.

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.

26/11/1992: Declaration of Independence

The Moldovan Leu was introduced as the official currency of Moldova after the country declared independence from the Soviet Union.

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.

Historic Moldovan Leu South African rand