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

Arab Emirates Dirham south african rand history for October 2023. The highest quote for this month is 5.3471 (07/10/2023) and the lowest 5.2515 (09/10/2023). The difference between high and low is 1.79.

AED ZAR average rate for October 2023 is 5.17772, the change between 01/10/2023 and 31/10/2023 is +0.17 %.

01 October 2023	1 AED = 5.14 ZAR
02 October 2023	1 AED = 5.14 ZAR
03 October 2023	1 AED = 5.23 ZAR
04 October 2023	1 AED = 5.26 ZAR
05 October 2023	1 AED = 5.26 ZAR
06 October 2023	1 AED = 5.31 ZAR
07 October 2023	1 AED = 5.25 ZAR
09 October 2023	1 AED = 5.27 ZAR
10 October 2023	1 AED = 5.21 ZAR
11 October 2023	1 AED = 5.17 ZAR
12 October 2023	1 AED = 5.12 ZAR
13 October 2023	1 AED = 5.18 ZAR
16 October 2023	1 AED = 5.17 ZAR
17 October 2023	1 AED = 5.11 ZAR
18 October 2023	1 AED = 5.12 ZAR
19 October 2023	1 AED = 5.17 ZAR
20 October 2023	1 AED = 5.17 ZAR
21 October 2023	1 AED = 5.14 ZAR
22 October 2023	1 AED = 5.17 ZAR
23 October 2023	1 AED = 5.17 ZAR
24 October 2023	1 AED = 5.16 ZAR
25 October 2023	1 AED = 5.18 ZAR
26 October 2023	1 AED = 5.21 ZAR
27 October 2023	1 AED = 5.16 ZAR
28 October 2023	1 AED = 5.14 ZAR
29 October 2023	1 AED = 5.14 ZAR
30 October 2023	1 AED = 5.11 ZAR
31 October 2023	1 AED = 5.13 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