South African rand brazilian real exchange rate history (ZAR BRL) October 2023

South African rand brazilian real history for October 2023. The highest quote for this month is 0.26777 (30/10/2023) and the lowest 0.26857 (31/10/2023). The difference between high and low is -0.3.

ZAR BRL average rate for October 2023 is 0.26587, the change between 01/10/2023 and 31/10/2023 is -0.47 %.

01 October 2023	1 ZAR = 0.2667 BRL
02 October 2023	1 ZAR = 0.2671 BRL
03 October 2023	1 ZAR = 0.2635 BRL
04 October 2023	1 ZAR = 0.2677 BRL
05 October 2023	1 ZAR = 0.2668 BRL
06 October 2023	1 ZAR = 0.2648 BRL
07 October 2023	1 ZAR = 0.2667 BRL
09 October 2023	1 ZAR = 0.2658 BRL
10 October 2023	1 ZAR = 0.2683 BRL
11 October 2023	1 ZAR = 0.2658 BRL
12 October 2023	1 ZAR = 0.2685 BRL
13 October 2023	1 ZAR = 0.2654 BRL
16 October 2023	1 ZAR = 0.2661 BRL
17 October 2023	1 ZAR = 0.2683 BRL
18 October 2023	1 ZAR = 0.2680 BRL
19 October 2023	1 ZAR = 0.2665 BRL
20 October 2023	1 ZAR = 0.2665 BRL
21 October 2023	1 ZAR = 0.2665 BRL
22 October 2023	1 ZAR = 0.2651 BRL
23 October 2023	1 ZAR = 0.2652 BRL
24 October 2023	1 ZAR = 0.2645 BRL
25 October 2023	1 ZAR = 0.2626 BRL
26 October 2023	1 ZAR = 0.2611 BRL
27 October 2023	1 ZAR = 0.2633 BRL
28 October 2023	1 ZAR = 0.2659 BRL
29 October 2023	1 ZAR = 0.2658 BRL
30 October 2023	1 ZAR = 0.2639 BRL
31 October 2023	1 ZAR = 0.2679 BRL

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.

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

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.

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

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.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

01/01/1995: Establishment of Reserve Bank Independence

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

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.

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.

14/09/1961: Introduction of the Rand

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

Historic South African rand Brazilian Real