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

South African rand united states dollar history for October 2023. The highest quote for this month is 0.053046 (30/10/2023) and the lowest 0.053607 (31/10/2023). The difference between high and low is -1.06.

ZAR USD average rate for October 2023 is 0.05257, the change between 01/10/2023 and 31/10/2023 is -0.19 %.

01 October 2023	1 ZAR = 0.0530 USD
03 October 2023	1 ZAR = 0.0521 USD
04 October 2023	1 ZAR = 0.0518 USD
06 October 2023	1 ZAR = 0.0513 USD
07 October 2023	1 ZAR = 0.0518 USD
08 October 2023	1 ZAR = 0.0518 USD
09 October 2023	1 ZAR = 0.0517 USD
10 October 2023	1 ZAR = 0.0523 USD
11 October 2023	1 ZAR = 0.0526 USD
13 October 2023	1 ZAR = 0.0526 USD
16 October 2023	1 ZAR = 0.0527 USD
17 October 2023	1 ZAR = 0.0533 USD
18 October 2023	1 ZAR = 0.0532 USD
19 October 2023	1 ZAR = 0.0527 USD
20 October 2023	1 ZAR = 0.0526 USD
21 October 2023	1 ZAR = 0.0530 USD
22 October 2023	1 ZAR = 0.0527 USD
23 October 2023	1 ZAR = 0.0527 USD
24 October 2023	1 ZAR = 0.0528 USD
25 October 2023	1 ZAR = 0.0526 USD
26 October 2023	1 ZAR = 0.0523 USD
27 October 2023	1 ZAR = 0.0528 USD
28 October 2023	1 ZAR = 0.0530 USD
29 October 2023	1 ZAR = 0.0530 USD
30 October 2023	1 ZAR = 0.0533 USD
31 October 2023	1 ZAR = 0.0531 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.