South African rand united states dollar exchange rate history (ZAR USD) December 2023

South African rand united states dollar history for December 2023. The highest quote for this month is 0.054698 (30/12/2023) and the lowest 0.055642 (25/12/2023). The difference between high and low is -1.73.

ZAR USD average rate for December 2023 is 0.05384, the change between 01/12/2023 and 31/12/2023 is -3.04 %.

01 December 2023	1 ZAR = 0.0531 USD
02 December 2023	1 ZAR = 0.0537 USD
03 December 2023	1 ZAR = 0.0537 USD
04 December 2023	1 ZAR = 0.0538 USD
05 December 2023	1 ZAR = 0.0532 USD
06 December 2023	1 ZAR = 0.0528 USD
07 December 2023	1 ZAR = 0.0527 USD
08 December 2023	1 ZAR = 0.0532 USD
10 December 2023	1 ZAR = 0.0527 USD
11 December 2023	1 ZAR = 0.0529 USD
12 December 2023	1 ZAR = 0.0524 USD
13 December 2023	1 ZAR = 0.0528 USD
14 December 2023	1 ZAR = 0.0536 USD
15 December 2023	1 ZAR = 0.0546 USD
16 December 2023	1 ZAR = 0.0545 USD
17 December 2023	1 ZAR = 0.0545 USD
18 December 2023	1 ZAR = 0.0547 USD
19 December 2023	1 ZAR = 0.0538 USD
20 December 2023	1 ZAR = 0.0546 USD
21 December 2023	1 ZAR = 0.0548 USD
22 December 2023	1 ZAR = 0.0551 USD
23 December 2023	1 ZAR = 0.0542 USD
24 December 2023	1 ZAR = 0.0542 USD
25 December 2023	1 ZAR = 0.0542 USD
26 December 2023	1 ZAR = 0.0542 USD
27 December 2023	1 ZAR = 0.0536 USD
28 December 2023	1 ZAR = 0.0545 USD
29 December 2023	1 ZAR = 0.0539 USD
30 December 2023	1 ZAR = 0.0547 USD
31 December 2023	1 ZAR = 0.0547 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.