Arab Emirates Dirham south african rand exchange rate history (AED ZAR) August 2023

Arab Emirates Dirham south african rand history for August 2023. The highest quote for this month is 5.2526 (15/08/2023) and the lowest 5.174 (16/08/2023). The difference between high and low is 1.5.

AED ZAR average rate for August 2023 is 5.1034, the change between 01/08/2023 and 31/08/2023 is -4.7 %.

01 August 2023	1 AED = 4.862 ZAR
02 August 2023	1 AED = 4.967 ZAR
03 August 2023	1 AED = 5.02 ZAR
04 August 2023	1 AED = 5.08 ZAR
07 August 2023	1 AED = 5.02 ZAR
08 August 2023	1 AED = 5.09 ZAR
09 August 2023	1 AED = 5.15 ZAR
10 August 2023	1 AED = 5.16 ZAR
11 August 2023	1 AED = 5.13 ZAR
12 August 2023	1 AED = 5.16 ZAR
14 August 2023	1 AED = 5.15 ZAR
15 August 2023	1 AED = 5.19 ZAR
16 August 2023	1 AED = 5.21 ZAR
17 August 2023	1 AED = 5.22 ZAR
18 August 2023	1 AED = 5.19 ZAR
20 August 2023	1 AED = 5.17 ZAR
21 August 2023	1 AED = 5.17 ZAR
22 August 2023	1 AED = 5.16 ZAR
23 August 2023	1 AED = 5.11 ZAR
24 August 2023	1 AED = 5.03 ZAR
25 August 2023	1 AED = 5.12 ZAR
28 August 2023	1 AED = 5.07 ZAR
29 August 2023	1 AED = 5.05 ZAR
30 August 2023	1 AED = 5.02 ZAR
31 August 2023	1 AED = 5.09 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.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

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.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

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.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

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.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.

14/09/1961: Introduction of the Rand

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

Historic Arab Emirates Dirham South African rand