Historic South African rand Maldivian rufiyaa

South African rand maldivian rufiyaa history for February 2024. The highest quote for this month is 0.81835 (17/02/2024) and the lowest 0.82319 (02/02/2024). The difference between high and low is -0.59.

ZAR MVR average rate for February 2024 is 0.80435, the change between 01/02/2024 and 29/02/2024 is +3.64 %.

01 February 20241 ZAR = 0.8198 MVR
02 February 20241 ZAR = 0.8214 MVR
03 February 20241 ZAR = 0.8159 MVR
04 February 20241 ZAR = 0.8166 MVR
05 February 20241 ZAR = 0.8076 MVR
06 February 20241 ZAR = 0.8006 MVR
07 February 20241 ZAR = 0.8094 MVR
08 February 20241 ZAR = 0.8069 MVR
09 February 20241 ZAR = 0.8014 MVR
12 February 20241 ZAR = 0.7984 MVR
13 February 20241 ZAR = 0.8017 MVR
14 February 20241 ZAR = 0.7942 MVR
15 February 20241 ZAR = 0.7988 MVR
16 February 20241 ZAR = 0.8052 MVR
17 February 20241 ZAR = 0.8184 MVR
18 February 20241 ZAR = 0.8184 MVR
19 February 20241 ZAR = 0.8101 MVR
20 February 20241 ZAR = 0.8052 MVR
21 February 20241 ZAR = 0.8040 MVR
22 February 20241 ZAR = 0.8044 MVR
23 February 20241 ZAR = 0.7938 MVR
24 February 20241 ZAR = 0.8000 MVR
25 February 20241 ZAR = 0.7988 MVR
26 February 20241 ZAR = 0.7873 MVR
27 February 20241 ZAR = 0.7917 MVR
28 February 20241 ZAR = 0.7976 MVR
29 February 20241 ZAR = 0.7900 MVR

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.

15/01/2019: Introduction of New Banknotes

New series of banknotes with enhanced security features and improved designs were introduced by the Maldives Monetary Authority.

01/09/2014: Introduction of Polymer Banknotes

Polymer banknotes were introduced in the Maldives, replacing the traditional paper banknotes, enhancing their durability and security features.

01/07/2011: Redenomination of the Rufiyaa

The Maldivian Rufiyaa underwent redenomination, with new banknotes and coins introduced to simplify transactions and reduce the number of zeros.

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.

01/01/2002: Decimalization of the Rufiyaa

The Maldivian Rufiyaa was decimalized, with 100 laari equaling 1 Rufiyaa, replacing the previous system of 1 Rufiyaa equalling 100 lari.

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.

01/09/1983: Introduction of the Maldivian Rufiyaa

The Maldivian Rufiyaa was introduced as the new currency, replacing the Maldivian Rupee at a 1:1 exchange rate.

01/08/1982: Currency Decimalization

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

01/09/1981: Establishment of the Maldives Monetary Authority

The Maldives Monetary Authority (MMA) was established as the central bank of the Maldives, responsible for issuing and managing the currency.

14/09/1961: Introduction of the Rand

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

22/10/1947: Introduction of the Maldivian Rupee

The Maldivian Indian Rupee was adopted as the official currency of the Maldives, replacing the Ceylonese Rupee.
ZAR MVR August 2023
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