South African rand arab emirates dirham exchange rate history (ZAR AED) August 2023

South African rand arab emirates dirham history for August 2023. The highest quote for this month is 0.20101 (01/08/2023) and the lowest 0.20576 (01/08/2023). The difference between high and low is -2.36.

ZAR AED average rate for August 2023 is 0.196, the change between 01/08/2023 and 31/08/2023 is +4.49 %.

01 August 2023	1 ZAR = 0.2057 AED
02 August 2023	1 ZAR = 0.2013 AED
03 August 2023	1 ZAR = 0.1991 AED
04 August 2023	1 ZAR = 0.1970 AED
07 August 2023	1 ZAR = 0.1992 AED
08 August 2023	1 ZAR = 0.1964 AED
09 August 2023	1 ZAR = 0.1942 AED
10 August 2023	1 ZAR = 0.1938 AED
11 August 2023	1 ZAR = 0.1951 AED
12 August 2023	1 ZAR = 0.1939 AED
14 August 2023	1 ZAR = 0.1941 AED
15 August 2023	1 ZAR = 0.1926 AED
16 August 2023	1 ZAR = 0.1919 AED
17 August 2023	1 ZAR = 0.1915 AED
18 August 2023	1 ZAR = 0.1928 AED
20 August 2023	1 ZAR = 0.1934 AED
21 August 2023	1 ZAR = 0.1936 AED
22 August 2023	1 ZAR = 0.1939 AED
23 August 2023	1 ZAR = 0.1956 AED
24 August 2023	1 ZAR = 0.1990 AED
25 August 2023	1 ZAR = 0.1954 AED
28 August 2023	1 ZAR = 0.1973 AED
29 August 2023	1 ZAR = 0.1979 AED
30 August 2023	1 ZAR = 0.1990 AED
31 August 2023	1 ZAR = 0.1964 AED

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.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

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.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

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.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

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.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.

14/09/1961: Introduction of the Rand

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

Historic South African rand Arab Emirates Dirham