Historic Arab Emirates Dirham South African rand

Arab Emirates Dirham south african rand history for January 2024. The highest quote for this month is 5.2295 (23/01/2024) and the lowest 5.1763 (21/01/2024). The difference between high and low is 1.02.

AED ZAR average rate for January 2024 is 5.10409, the change between 01/01/2024 and 31/01/2024 is -2.8 %.

01 January 20241 AED = 4.975 ZAR
02 January 20241 AED = 4.984 ZAR
03 January 20241 AED = 5.05 ZAR
04 January 20241 AED = 5.09 ZAR
05 January 20241 AED = 5.09 ZAR
06 January 20241 AED = 5.09 ZAR
07 January 20241 AED = 5.09 ZAR
08 January 20241 AED = 5.08 ZAR
09 January 20241 AED = 5.06 ZAR
10 January 20241 AED = 5.08 ZAR
11 January 20241 AED = 5.07 ZAR
12 January 20241 AED = 5.08 ZAR
14 January 20241 AED = 5.07 ZAR
15 January 20241 AED = 5.07 ZAR
16 January 20241 AED = 5.08 ZAR
17 January 20241 AED = 5.16 ZAR
18 January 20241 AED = 5.20 ZAR
19 January 20241 AED = 5.15 ZAR
21 January 20241 AED = 5.18 ZAR
22 January 20241 AED = 5.18 ZAR
23 January 20241 AED = 5.23 ZAR
24 January 20241 AED = 5.15 ZAR
25 January 20241 AED = 5.14 ZAR
26 January 20241 AED = 5.14 ZAR
28 January 20241 AED = 5.11 ZAR
29 January 20241 AED = 5.11 ZAR
30 January 20241 AED = 5.11 ZAR
31 January 20241 AED = 5.11 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.
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