Historic Azerbaijani manat South African rand

Azerbaijani manat south african rand history since 28/03/2024 until today (0 years). Search for AZN to ZAR exchange rate history for a particular date, month or year.

The Azerbaijani manat is the currency of Azerbaijan (supplied by Central Bank of Azerbaijan and the currency supplied by South African Reserve Bank. The AZN ZAR historical data can be seen on the Azerbaijani manat south african rand historical chart.

29 February 20241 AZN = 11.33 ZAR
01 March 20241 AZN = 11.29 ZAR
04 March 20241 AZN = 11.23 ZAR
05 March 20241 AZN = 11.20 ZAR
06 March 20241 AZN = 11.15 ZAR
07 March 20241 AZN = 11.05 ZAR
11 March 20241 AZN = 11.06 ZAR
12 March 20241 AZN = 10.94 ZAR

31/12/2020: Digital Currency Pilot

Azerbaijan launched a pilot program to test the use of a digital currency, the digital manat, in an effort to modernize its financial system.

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.

20/12/2017: Second Devaluation

The manat faced another devaluation, this time by around 30%, due to economic challenges and a sharp drop in oil prices.

20/12/2015: Devaluation

The manat was devalued by more than 30% against the US dollar in response to falling oil prices.

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.

20/02/2005: Pegged to US Dollar

The Azerbaijani manat was pegged to the US dollar at a rate of 1.6 manat per dollar.

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.

14/06/2001: Currency Reform

A currency reform was implemented, resulting in a new manat with a higher exchange rate.

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.

31/12/1993: Hyperinflation

Azerbaijan experienced a period of hyperinflation, leading to the devaluation of the manat.

14/08/1992: Introduction of Manat

The Azerbaijani manat currency was introduced as the official currency of Azerbaijan, replacing the Soviet ruble.

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.