Singapore dollar south african rand exchange rate history (SGD ZAR) August 2023

Singapore dollar south african rand history for August 2023. The highest quote for this month is 14.2 (15/08/2023) and the lowest 14.023 (15/08/2023). The difference between high and low is 1.25.

SGD ZAR average rate for August 2023 is 13.87972, the change between 01/08/2023 and 31/08/2023 is -3.15 %.

01 August 2023	1 SGD = 13.43 ZAR
02 August 2023	1 SGD = 13.67 ZAR
03 August 2023	1 SGD = 13.75 ZAR
04 August 2023	1 SGD = 13.91 ZAR
07 August 2023	1 SGD = 13.77 ZAR
08 August 2023	1 SGD = 13.95 ZAR
09 August 2023	1 SGD = 14.03 ZAR
10 August 2023	1 SGD = 14.08 ZAR
11 August 2023	1 SGD = 13.95 ZAR
12 August 2023	1 SGD = 14.01 ZAR
14 August 2023	1 SGD = 13.98 ZAR
15 August 2023	1 SGD = 14.06 ZAR
16 August 2023	1 SGD = 14.09 ZAR
17 August 2023	1 SGD = 14.10 ZAR
18 August 2023	1 SGD = 14.03 ZAR
20 August 2023	1 SGD = 14.00 ZAR
21 August 2023	1 SGD = 13.98 ZAR
22 August 2023	1 SGD = 13.95 ZAR
23 August 2023	1 SGD = 13.83 ZAR
24 August 2023	1 SGD = 13.65 ZAR
25 August 2023	1 SGD = 13.85 ZAR
28 August 2023	1 SGD = 13.74 ZAR
29 August 2023	1 SGD = 13.69 ZAR
30 August 2023	1 SGD = 13.67 ZAR
31 August 2023	1 SGD = 13.85 ZAR

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

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.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

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.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.

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.

01/08/1982: Currency Decimalization

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

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own currency.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.

14/09/1961: Introduction of the Rand

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

Historic Singapore dollar South African rand