Historic South African rand Icelandic Krona

South African rand icelandic krona history for November 2023. The highest quote for this month is 7.7694 (15/11/2023) and the lowest 7.7778 (15/11/2023). The difference between high and low is -0.11.

ZAR ISK average rate for November 2023 is 7.54945, the change between 01/11/2023 and 30/11/2023 is +2.23 %.

01 November 20231 ZAR = 7.47 ISK
02 November 20231 ZAR = 7.55 ISK
03 November 20231 ZAR = 7.56 ISK
06 November 20231 ZAR = 7.59 ISK
07 November 20231 ZAR = 7.66 ISK
08 November 20231 ZAR = 7.66 ISK
09 November 20231 ZAR = 7.60 ISK
10 November 20231 ZAR = 7.59 ISK
13 November 20231 ZAR = 7.57 ISK
14 November 20231 ZAR = 7.69 ISK
15 November 20231 ZAR = 7.73 ISK
16 November 20231 ZAR = 7.77 ISK
17 November 20231 ZAR = 7.68 ISK
20 November 20231 ZAR = 7.62 ISK
21 November 20231 ZAR = 7.59 ISK
22 November 20231 ZAR = 7.52 ISK
23 November 20231 ZAR = 7.47 ISK
24 November 20231 ZAR = 7.44 ISK
27 November 20231 ZAR = 7.31 ISK
28 November 20231 ZAR = 7.35 ISK
29 November 20231 ZAR = 7.36 ISK
30 November 20231 ZAR = 7.31 ISK

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.

15/11/2018: New Currency Notes Introduced

Iceland released updated banknotes and coins featuring improved security measures and new designs, modernizing the Krona's physical appearance.

15/03/2015: Capital Controls Lifted

Iceland lifted its capital controls, implemented after the financial crisis, allowing for more flexible foreign exchange transactions.

14/11/2010: IMF Loan Approved

Iceland secured a $2.1 billion loan from the International Monetary Fund, stabilizing the Krona and aiding economic recovery.

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.

06/10/2008: Financial Crisis Begins

The collapse of Icelandic banks and subsequent financial crisis severely devalued the Krona, leading to economic turmoil.

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.

01/01/1995: 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.

05/03/1981: Stock Exchange Established

The Icelandic Stock Exchange was founded, promoting economic growth and affecting the Krona's value.

14/09/1961: Introduction of the Rand

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

10/05/1940: Occupation of Iceland

Following the German occupation of Denmark, Iceland became occupied by British forces, impacting the currency's stability.

01/01/1922: Currency Board Established

The Icelandic Krona was introduced under the Danish Krone pegged to 1 Krone = 100 aurar.