South African rand united states dollar history for August 2023. The highest quote for this month is 0.054727 (01/08/2023) and the lowest 0.056036 (01/08/2023). The difference between high and low is -2.39.
ZAR USD average rate for August 2023 is 0.05336, the change between 01/08/2023 and 31/08/2023 is +4.1 %.
| 01 August 2023 | 1 ZAR = 0.0560 USD |
| 04 August 2023 | 1 ZAR = 0.0537 USD |
| 05 August 2023 | 1 ZAR = 0.0542 USD |
| 07 August 2023 | 1 ZAR = 0.0542 USD |
| 08 August 2023 | 1 ZAR = 0.0535 USD |
| 10 August 2023 | 1 ZAR = 0.0528 USD |
| 12 August 2023 | 1 ZAR = 0.0528 USD |
| 14 August 2023 | 1 ZAR = 0.0528 USD |
| 15 August 2023 | 1 ZAR = 0.0525 USD |
| 17 August 2023 | 1 ZAR = 0.0522 USD |
| 20 August 2023 | 1 ZAR = 0.0527 USD |
| 21 August 2023 | 1 ZAR = 0.0527 USD |
| 28 August 2023 | 1 ZAR = 0.0537 USD |
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.
14/09/1961: Introduction of the Rand
The South African rand was introduced as the official currency, replacing the South African pound.