Historic Norwegian krone South African rand

Norwegian krone south african rand history for November 2023. The highest quote for this month is 1.7588 (26/11/2023) and the lowest 1.758 (25/11/2023). The difference between high and low is 0.05.

NOK ZAR average rate for November 2023 is 1.7006, the change between 01/11/2023 and 30/11/2023 is -5.43 %.

01 November 20231 NOK = 1.668 ZAR
02 November 20231 NOK = 1.657 ZAR
03 November 20231 NOK = 1.650 ZAR
06 November 20231 NOK = 1.657 ZAR
07 November 20231 NOK = 1.655 ZAR
08 November 20231 NOK = 1.639 ZAR
09 November 20231 NOK = 1.654 ZAR
10 November 20231 NOK = 1.663 ZAR
11 November 20231 NOK = 1.685 ZAR
12 November 20231 NOK = 1.686 ZAR
13 November 20231 NOK = 1.688 ZAR
14 November 20231 NOK = 1.686 ZAR
15 November 20231 NOK = 1.676 ZAR
16 November 20231 NOK = 1.683 ZAR
17 November 20231 NOK = 1.680 ZAR
19 November 20231 NOK = 1.701 ZAR
20 November 20231 NOK = 1.695 ZAR
21 November 20231 NOK = 1.713 ZAR
22 November 20231 NOK = 1.746 ZAR
23 November 20231 NOK = 1.755 ZAR
24 November 20231 NOK = 1.746 ZAR
25 November 20231 NOK = 1.758 ZAR
26 November 20231 NOK = 1.758 ZAR
27 November 20231 NOK = 1.755 ZAR
28 November 20231 NOK = 1.754 ZAR
29 November 20231 NOK = 1.751 ZAR
30 November 20231 NOK = 1.758 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.

30/10/2016: Withdrawal of the 1000-krone banknote

The Norges Bank phased out the 1000-krone banknote, as part of efforts to combat money laundering and reduce the use of cash in the economy.

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.

01/01/1999: Creation of the euro

Several European countries introduced the euro as a common currency, but Norway chose to maintain the krone, cementing its separate monetary path.

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.

19/11/1992: Norway rejects European Union membership

In a referendum, Norway voted against joining the European Union, reaffirming its independent monetary policy and keeping the krone outside the eurozone.

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.

22/10/1931: Devaluation of the krone

To counter the effects of the Great Depression, Norway devalued the krone by 14%, aiming to boost exports and stimulate the economy.

01/11/1920: Krone's return to the gold standard

Following the end of World War I, Norway reintroduced the gold standard for the krone, stabilizing its value and restoring confidence in the currency.

02/08/1914: Suspension of krone's gold standard

Due to the outbreak of World War I, Norway suspended the krone's convertibility into gold, allowing for more flexibility in monetary policy during the war.

27/10/1875: The introduction of the krone currency

The krone was established as the official currency of Norway, replacing the previous speciedaler, marking a significant milestone in the country's monetary history.