Barbadian dollar south african rand exchange rate history (BBD ZAR) August 2023

Barbadian dollar south african rand history for August 2023. The highest quote for this month is 9.743 (15/08/2023) and the lowest 9.627 (16/08/2023). The difference between high and low is 1.19.

BBD ZAR average rate for August 2023 is 9.47773, the change between 01/08/2023 and 31/08/2023 is -4.71 %.

01 August 2023	1 BBD = 9.04 ZAR
02 August 2023	1 BBD = 9.24 ZAR
03 August 2023	1 BBD = 9.33 ZAR
04 August 2023	1 BBD = 9.45 ZAR
05 August 2023	1 BBD = 9.23 ZAR
07 August 2023	1 BBD = 9.40 ZAR
08 August 2023	1 BBD = 9.48 ZAR
09 August 2023	1 BBD = 9.58 ZAR
10 August 2023	1 BBD = 9.60 ZAR
11 August 2023	1 BBD = 9.54 ZAR
12 August 2023	1 BBD = 9.47 ZAR
14 August 2023	1 BBD = 9.55 ZAR
15 August 2023	1 BBD = 9.66 ZAR
16 August 2023	1 BBD = 9.70 ZAR
17 August 2023	1 BBD = 9.72 ZAR
18 August 2023	1 BBD = 9.65 ZAR
20 August 2023	1 BBD = 9.50 ZAR
21 August 2023	1 BBD = 9.64 ZAR
22 August 2023	1 BBD = 9.61 ZAR
23 August 2023	1 BBD = 9.51 ZAR
24 August 2023	1 BBD = 9.36 ZAR
25 August 2023	1 BBD = 9.52 ZAR
28 August 2023	1 BBD = 9.43 ZAR
29 August 2023	1 BBD = 9.40 ZAR
30 August 2023	1 BBD = 9.35 ZAR
31 August 2023	1 BBD = 9.47 ZAR

26/06/2020: Currency peg under review

Barbados announced that it would review the decades-long currency peg of 2:1 with the US dollar, considering a shift to a floating exchange rate.

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.

05/08/2013: Devaluation of currency

Barbados devalued its currency by 10% to stimulate economic growth and competitiveness.

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.

24/07/1995: New currency design

Barbados introduced a new design for its currency, featuring national symbols and landmarks.

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.

05/05/1975: Introduction of decimalization

Barbados introduced decimalization, dividing the Barbadian Dollar into 100 cents.

01/01/1973: Fixed exchange rate

Barbados fixed its currency exchange rate to the US dollar at a rate of 2 Barbadian Dollars to 1 US Dollar.

03/07/1972: Barbados gains independence

Barbados gained independence from British rule, leading to the establishment of the Central Bank of Barbados.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

01/10/1935: Introduction of Barbadian Dollar

The Barbadian Dollar was introduced as the official currency of Barbados, replacing the East Caribbean dollar.

Historic Barbadian dollar South African rand