United States dollar south african rand history for July 2023. The highest quote for this month is 18.817 (05/07/2023) and the lowest 18.629 (05/07/2023). The difference between high and low is 1.
USD ZAR average rate for July 2023 is 17.98467, the change between 01/07/2023 and 31/07/2023 is +5.54 %.
| 05 July 2023 | 1 USD = 18.63 ZAR |
| 25 July 2023 | 1 USD = 17.73 ZAR |
| 31 July 2023 | 1 USD = 17.60 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.
15/12/2008: 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.
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.
14/09/1961: Introduction of the Rand
The South African rand was introduced as the official currency, replacing the South African pound.