Historic South African rand Comorian Franc

South African rand comorian franc history for March 2024. The highest quote for this month is 24.093 (12/03/2024) and the lowest 24.288 (12/03/2024). The difference between high and low is -0.81.

ZAR KMF average rate for March 2024 is 23.9531, the change between 01/03/2024 and 31/03/2024 is -2.06 %.

01 March 20241 ZAR = 23.74 KMF
03 March 20241 ZAR = 23.84 KMF
04 March 20241 ZAR = 23.80 KMF
05 March 20241 ZAR = 23.86 KMF
06 March 20241 ZAR = 23.97 KMF
07 March 20241 ZAR = 24.03 KMF
08 March 20241 ZAR = 24.17 KMF
10 March 20241 ZAR = 24.00 KMF
11 March 20241 ZAR = 23.89 KMF
12 March 20241 ZAR = 24.23 KMF

18/01/2021: Suspension of Eco adoption

The Central Bank of the Comoros suspended the adoption of the Eco currency, retaining the Comorian Franc as the official currency.

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.

01/01/2019: Replacement of the Franc by the Eco

Comoros agreed to replace the Comorian Franc with the proposed Eco currency, along with other West African countries.

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.

01/07/1997: Revaluation of the Comorian Franc

The Comorian Franc was revalued at a ratio of 1 new Franc to 75 old Francs, reducing the value 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.

20/06/1994: Introduction of the New Comorian Franc

Comoros introduced a new series of banknotes and coins, replacing the old Comorian Franc.

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.

01/01/1976: Establishment of the Central Bank of Comoros

The Central Bank of Comoros was established to manage the monetary policies and issue the Comorian Franc.

06/07/1975: Independence of Comoros

Comoros gained independence from France, but continued using the Comorian Franc as its currency.

14/09/1961: Introduction of the Rand

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

01/01/1920: Introduction of the Comorian Franc

The Comorian Franc was introduced as the official currency of Comoros by the French colonial administration.