South African rand united states dollar history for June 2023. The highest quote for this month is 0.054993 (18/06/2023) and the lowest 0.055198 (16/06/2023). The difference between high and low is -0.37.
ZAR USD average rate for June 2023 is 0.05342, the change between 01/06/2023 and 30/06/2023 is -4.69 %.
| 02 June 2023 | 1 ZAR = 0.0510 USD |
| 03 June 2023 | 1 ZAR = 0.0513 USD |
| 04 June 2023 | 1 ZAR = 0.0513 USD |
| 09 June 2023 | 1 ZAR = 0.0531 USD |
| 10 June 2023 | 1 ZAR = 0.0534 USD |
| 12 June 2023 | 1 ZAR = 0.0535 USD |
| 13 June 2023 | 1 ZAR = 0.0539 USD |
| 16 June 2023 | 1 ZAR = 0.0550 USD |
| 18 June 2023 | 1 ZAR = 0.0550 USD |
| 19 June 2023 | 1 ZAR = 0.0549 USD |
| 20 June 2023 | 1 ZAR = 0.0551 USD |
| 25 June 2023 | 1 ZAR = 0.0535 USD |
| 26 June 2023 | 1 ZAR = 0.0534 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.