South African rand united states dollar exchange rate history (ZAR USD) January 2024

South African rand united states dollar history for January 2024. The highest quote for this month is 0.054506 (01/01/2024) and the lowest 0.05487 (02/01/2024). The difference between high and low is -0.67.

ZAR USD average rate for January 2024 is 0.05335, the change between 01/01/2024 and 31/01/2024 is +2.71 %.

01 January 2024	1 ZAR = 0.0547 USD
02 January 2024	1 ZAR = 0.0546 USD
03 January 2024	1 ZAR = 0.0539 USD
04 January 2024	1 ZAR = 0.0536 USD
05 January 2024	1 ZAR = 0.0535 USD
06 January 2024	1 ZAR = 0.0535 USD
07 January 2024	1 ZAR = 0.0535 USD
08 January 2024	1 ZAR = 0.0536 USD
09 January 2024	1 ZAR = 0.0539 USD
10 January 2024	1 ZAR = 0.0537 USD
11 January 2024	1 ZAR = 0.0537 USD
12 January 2024	1 ZAR = 0.0536 USD
13 January 2024	1 ZAR = 0.0537 USD
14 January 2024	1 ZAR = 0.0537 USD
15 January 2024	1 ZAR = 0.0537 USD
16 January 2024	1 ZAR = 0.0536 USD
17 January 2024	1 ZAR = 0.0527 USD
18 January 2024	1 ZAR = 0.0524 USD
19 January 2024	1 ZAR = 0.0529 USD
20 January 2024	1 ZAR = 0.0526 USD
21 January 2024	1 ZAR = 0.0526 USD
22 January 2024	1 ZAR = 0.0526 USD
23 January 2024	1 ZAR = 0.0521 USD
24 January 2024	1 ZAR = 0.0529 USD
25 January 2024	1 ZAR = 0.0530 USD
26 January 2024	1 ZAR = 0.0530 USD
27 January 2024	1 ZAR = 0.0533 USD
28 January 2024	1 ZAR = 0.0532 USD
29 January 2024	1 ZAR = 0.0533 USD
30 January 2024	1 ZAR = 0.0533 USD
31 January 2024	1 ZAR = 0.0533 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.