Historic South African rand United States dollar

South African rand united states dollar history for February 2024. The highest quote for this month is 0.053265 (01/02/2024) and the lowest 0.05398 (02/02/2024). The difference between high and low is -1.34.

ZAR USD average rate for February 2024 is 0.0527, the change between 01/02/2024 and 29/02/2024 is +3.32 %.

01 February 20241 ZAR = 0.0537 USD
02 February 20241 ZAR = 0.0539 USD
03 February 20241 ZAR = 0.0529 USD
04 February 20241 ZAR = 0.0530 USD
05 February 20241 ZAR = 0.0530 USD
06 February 20241 ZAR = 0.0525 USD
07 February 20241 ZAR = 0.0531 USD
08 February 20241 ZAR = 0.0529 USD
09 February 20241 ZAR = 0.0527 USD
10 February 20241 ZAR = 0.0526 USD
11 February 20241 ZAR = 0.0525 USD
12 February 20241 ZAR = 0.0527 USD
13 February 20241 ZAR = 0.0529 USD
14 February 20241 ZAR = 0.0524 USD
15 February 20241 ZAR = 0.0526 USD
16 February 20241 ZAR = 0.0528 USD
17 February 20241 ZAR = 0.0531 USD
18 February 20241 ZAR = 0.0531 USD
19 February 20241 ZAR = 0.0531 USD
20 February 20241 ZAR = 0.0528 USD
21 February 20241 ZAR = 0.0529 USD
22 February 20241 ZAR = 0.0529 USD
23 February 20241 ZAR = 0.0522 USD
24 February 20241 ZAR = 0.0519 USD
25 February 20241 ZAR = 0.0518 USD
26 February 20241 ZAR = 0.0518 USD
27 February 20241 ZAR = 0.0520 USD
28 February 20241 ZAR = 0.0524 USD
29 February 20241 ZAR = 0.0519 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.
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