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

Moldovan Leu south african rand history for September 2023. The highest quote for this month is 1.0981 (06/09/2023) and the lowest 1.0866 (05/09/2023). The difference between high and low is 1.05.

MDL ZAR average rate for September 2023 is 1.06771, the change between 01/09/2023 and 30/09/2023 is +2.98 %.

01 September 2023	1 MDL = 1.075 ZAR
04 September 2023	1 MDL = 1.066 ZAR
05 September 2023	1 MDL = 1.086 ZAR
06 September 2023	1 MDL = 1.086 ZAR
07 September 2023	1 MDL = 1.092 ZAR
08 September 2023	1 MDL = 1.085 ZAR
11 September 2023	1 MDL = 1.079 ZAR
12 September 2023	1 MDL = 1.066 ZAR
13 September 2023	1 MDL = 1.069 ZAR
14 September 2023	1 MDL = 1.063 ZAR
15 September 2023	1 MDL = 1.076 ZAR
18 September 2023	1 MDL = 1.076 ZAR
19 September 2023	1 MDL = 1.076 ZAR
20 September 2023	1 MDL = 1.065 ZAR
21 September 2023	1 MDL = 1.059 ZAR
22 September 2023	1 MDL = 1.060 ZAR
23 September 2023	1 MDL = 1.039 ZAR
25 September 2023	1 MDL = 1.050 ZAR
26 September 2023	1 MDL = 1.048 ZAR
27 September 2023	1 MDL = 1.066 ZAR
28 September 2023	1 MDL = 1.074 ZAR
29 September 2023	1 MDL = 1.059 ZAR
30 September 2023	1 MDL = 1.043 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