Historic Azerbaijani manat South African rand

Azerbaijani manat south african rand history for November 2023. The highest quote for this month is 11.159 (30/11/2023) and the lowest 11.035 (24/11/2023). The difference between high and low is 1.11.

AZN ZAR average rate for November 2023 is 10.90318, the change between 01/11/2023 and 30/11/2023 is -0.59 %.

01 November 20231 AZN = 10.96 ZAR
06 November 20231 AZN = 10.75 ZAR
07 November 20231 AZN = 10.76 ZAR
13 November 20231 AZN = 11.02 ZAR
14 November 20231 AZN = 10.99 ZAR
15 November 20231 AZN = 10.72 ZAR
16 November 20231 AZN = 10.70 ZAR
17 November 20231 AZN = 10.81 ZAR
20 November 20231 AZN = 10.79 ZAR
21 November 20231 AZN = 10.78 ZAR
22 November 20231 AZN = 10.95 ZAR
23 November 20231 AZN = 11.10 ZAR
24 November 20231 AZN = 11.07 ZAR
27 November 20231 AZN = 11.05 ZAR
28 November 20231 AZN = 10.97 ZAR
29 November 20231 AZN = 10.93 ZAR
30 November 20231 AZN = 11.02 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.