South African rand philippine peso exchange rate history (ZAR PHP) December 2023

South African rand philippine peso history for December 2023. The highest quote for this month is 3.0413 (20/12/2023) and the lowest 3.0734 (25/12/2023). The difference between high and low is -1.06.

ZAR PHP average rate for December 2023 is 2.9824, the change between 01/12/2023 and 31/12/2023 is -1.12 %.

01 December 2023	1 ZAR = 2.946 PHP
02 December 2023	1 ZAR = 2.976 PHP
03 December 2023	1 ZAR = 2.976 PHP
04 December 2023	1 ZAR = 2.972 PHP
05 December 2023	1 ZAR = 2.943 PHP
06 December 2023	1 ZAR = 2.909 PHP
07 December 2023	1 ZAR = 2.914 PHP
08 December 2023	1 ZAR = 2.944 PHP
10 December 2023	1 ZAR = 2.922 PHP
11 December 2023	1 ZAR = 2.929 PHP
12 December 2023	1 ZAR = 2.912 PHP
13 December 2023	1 ZAR = 2.934 PHP
14 December 2023	1 ZAR = 2.974 PHP
15 December 2023	1 ZAR = 3.039 PHP
16 December 2023	1 ZAR = 3.038 PHP
17 December 2023	1 ZAR = 3.038 PHP
18 December 2023	1 ZAR = 3.048 PHP
19 December 2023	1 ZAR = 2.996 PHP
20 December 2023	1 ZAR = 3.034 PHP
21 December 2023	1 ZAR = 3.047 PHP
22 December 2023	1 ZAR = 3.042 PHP
23 December 2023	1 ZAR = 3.004 PHP
24 December 2023	1 ZAR = 3.004 PHP
25 December 2023	1 ZAR = 2.991 PHP
26 December 2023	1 ZAR = 3.003 PHP
27 December 2023	1 ZAR = 2.966 PHP
28 December 2023	1 ZAR = 3.028 PHP
29 December 2023	1 ZAR = 2.979 PHP

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.

15/12/2008: 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.

01/01/1995: 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.

11/09/1970: Introduction of the New Peso

The New Central Bank Act is enacted, leading to the introduction of a new currency called the New Peso, with a conversion rate of 1 New Peso to 2 old pesos.

14/09/1961: Introduction of the Rand

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

04/07/1949: Central Bank of the Philippines

The Central Bank of the Philippines is established with the task of issuing and managing the Philippine currency.

20/10/1944: Introduction of the Philippine Liberation Peso

The United States-issued Philippine Liberation Peso is introduced to replace the Japanese-issued currency, serving as a transitional currency.

02/01/1942: Japanese Occupation

During World War II, the Japanese forces occupy the Philippines and introduce the Japanese-issued Philippine peso, known as Mickey Mouse money.

24/12/1933: Introduction of the Commonwealth Peso

The Commonwealth Act No. 265 is passed, creating a new Philippine currency called the Commonwealth Peso to replace the previous Peso.

12/06/1898: Philippine Independence

The Philippines declares independence from Spanish rule, leading to the establishment of the First Philippine Republic and the issuance of new currency.

01/05/1852: Introduction of the Peso

The Spanish colonial government issues the first official currency of the Philippines, known as the Peso, with a conversion rate of 2 Spanish reales to 1 Peso.

Historic South African rand Philippine peso