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

Arab Emirates Dirham south african rand history for December 2023. The highest quote for this month is 5.2117 (11/12/2023) and the lowest 5.168 (10/12/2023). The difference between high and low is 0.84.

AED ZAR average rate for December 2023 is 5.06174, the change between 01/12/2023 and 31/12/2023 is +2.97 %.

01 December 2023	1 AED = 5.13 ZAR
02 December 2023	1 AED = 5.08 ZAR
03 December 2023	1 AED = 5.07 ZAR
04 December 2023	1 AED = 5.06 ZAR
05 December 2023	1 AED = 5.12 ZAR
06 December 2023	1 AED = 5.16 ZAR
07 December 2023	1 AED = 5.16 ZAR
08 December 2023	1 AED = 5.12 ZAR
10 December 2023	1 AED = 5.17 ZAR
11 December 2023	1 AED = 5.15 ZAR
12 December 2023	1 AED = 5.19 ZAR
13 December 2023	1 AED = 5.15 ZAR
14 December 2023	1 AED = 5.08 ZAR
15 December 2023	1 AED = 4.988 ZAR
16 December 2023	1 AED = 4.996 ZAR
17 December 2023	1 AED = 4.996 ZAR
18 December 2023	1 AED = 4.980 ZAR
19 December 2023	1 AED = 5.06 ZAR
20 December 2023	1 AED = 4.991 ZAR
21 December 2023	1 AED = 4.971 ZAR
22 December 2023	1 AED = 4.947 ZAR
23 December 2023	1 AED = 5.02 ZAR
24 December 2023	1 AED = 5.02 ZAR
25 December 2023	1 AED = 5.03 ZAR
26 December 2023	1 AED = 5.02 ZAR
27 December 2023	1 AED = 5.08 ZAR
28 December 2023	1 AED = 4.997 ZAR
29 December 2023	1 AED = 5.06 ZAR
31 December 2023	1 AED = 4.979 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