Swiss franc south african rand exchange rate history (CHF ZAR) October 2023

Swiss franc south african rand history for October 2023. The highest quote for this month is 21.43 (20/10/2023) and the lowest 21.282 (09/10/2023). The difference between high and low is 0.69.

CHF ZAR average rate for October 2023 is 21.0444, the change between 01/10/2023 and 31/10/2023 is -1.18 %.

01 October 2023	1 CHF = 20.64 ZAR
02 October 2023	1 CHF = 20.62 ZAR
03 October 2023	1 CHF = 20.93 ZAR
04 October 2023	1 CHF = 20.95 ZAR
05 October 2023	1 CHF = 21.08 ZAR
06 October 2023	1 CHF = 21.38 ZAR
09 October 2023	1 CHF = 21.30 ZAR
10 October 2023	1 CHF = 21.15 ZAR
11 October 2023	1 CHF = 21.01 ZAR
12 October 2023	1 CHF = 20.88 ZAR
13 October 2023	1 CHF = 20.94 ZAR
16 October 2023	1 CHF = 21.02 ZAR
17 October 2023	1 CHF = 20.85 ZAR
18 October 2023	1 CHF = 20.88 ZAR
19 October 2023	1 CHF = 21.11 ZAR
20 October 2023	1 CHF = 21.31 ZAR
22 October 2023	1 CHF = 21.26 ZAR
23 October 2023	1 CHF = 21.24 ZAR
24 October 2023	1 CHF = 21.28 ZAR
25 October 2023	1 CHF = 21.29 ZAR
26 October 2023	1 CHF = 21.33 ZAR
27 October 2023	1 CHF = 21.06 ZAR
29 October 2023	1 CHF = 20.93 ZAR
30 October 2023	1 CHF = 20.80 ZAR
31 October 2023	1 CHF = 20.88 ZAR

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.

15/01/2015: Removal of Minimum Exchange Rate

The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.

06/09/2011: Implementation of Minimum Exchange Rate

The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.

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.

13/09/1999: Introduction of Euro

Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official currency.

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.

08/05/1973: Floatation of Swiss Franc

Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

01/05/1936: Introduction of Swiss National Bank

The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).

24/11/1907: Gold Standard Referendum

Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.

06/06/1850: Currency Act of 1850

The Swiss franc (CHF) was introduced as the official currency of Switzerland.

Historic Swiss franc South African rand