South African rand swiss franc exchange rate history (ZAR CHF) August 2023

South African rand swiss franc history for August 2023. The highest quote for this month is 0.048036 (01/08/2023) and the lowest 0.048813 (01/08/2023). The difference between high and low is -1.62.

ZAR CHF average rate for August 2023 is 0.04688, the change between 01/08/2023 and 31/08/2023 is +3.78 %.

01 August 2023	1 ZAR = 0.0488 CHF
02 August 2023	1 ZAR = 0.0478 CHF
03 August 2023	1 ZAR = 0.0476 CHF
04 August 2023	1 ZAR = 0.0469 CHF
07 August 2023	1 ZAR = 0.0474 CHF
08 August 2023	1 ZAR = 0.0467 CHF
09 August 2023	1 ZAR = 0.0463 CHF
10 August 2023	1 ZAR = 0.0463 CHF
11 August 2023	1 ZAR = 0.0466 CHF
12 August 2023	1 ZAR = 0.0463 CHF
14 August 2023	1 ZAR = 0.0463 CHF
15 August 2023	1 ZAR = 0.0461 CHF
16 August 2023	1 ZAR = 0.0459 CHF
17 August 2023	1 ZAR = 0.0459 CHF
18 August 2023	1 ZAR = 0.0461 CHF
21 August 2023	1 ZAR = 0.0465 CHF
22 August 2023	1 ZAR = 0.0464 CHF
23 August 2023	1 ZAR = 0.0469 CHF
24 August 2023	1 ZAR = 0.0475 CHF
25 August 2023	1 ZAR = 0.0471 CHF
28 August 2023	1 ZAR = 0.0475 CHF
29 August 2023	1 ZAR = 0.0476 CHF
30 August 2023	1 ZAR = 0.0476 CHF
31 August 2023	1 ZAR = 0.0470 CHF

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.

15/01/2015: Removal of Minimum Exchange Rate

The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.

06/09/2011: Implementation of Minimum Exchange Rate

The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.

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.

13/09/1999: Introduction of Euro

Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official 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.

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.

08/05/1973: Floatation of Swiss Franc

Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.

14/09/1961: Introduction of the Rand

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

01/05/1936: Introduction of Swiss National Bank

The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).

24/11/1907: Gold Standard Referendum

Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.

06/06/1850: Currency Act of 1850

The Swiss franc (CHF) was introduced as the official currency of Switzerland.

Historic South African rand Swiss franc