Historic Bermudian dollar South African rand

Bermudian dollar south african rand history for February 2024. The highest quote for this month is 19.379 (23/02/2024) and the lowest 19.276 (24/02/2024). The difference between high and low is 0.53.

BMD ZAR average rate for February 2024 is 18.97869, the change between 01/02/2024 and 29/02/2024 is -3.43 %.

01 February 20241 BMD = 18.61 ZAR
02 February 20241 BMD = 18.57 ZAR
03 February 20241 BMD = 18.90 ZAR
04 February 20241 BMD = 18.88 ZAR
05 February 20241 BMD = 18.88 ZAR
06 February 20241 BMD = 19.05 ZAR
07 February 20241 BMD = 18.82 ZAR
08 February 20241 BMD = 18.90 ZAR
09 February 20241 BMD = 18.97 ZAR
10 February 20241 BMD = 19.02 ZAR
11 February 20241 BMD = 19.04 ZAR
12 February 20241 BMD = 18.98 ZAR
13 February 20241 BMD = 18.90 ZAR
14 February 20241 BMD = 19.08 ZAR
15 February 20241 BMD = 19.03 ZAR
16 February 20241 BMD = 18.94 ZAR
17 February 20241 BMD = 18.84 ZAR
18 February 20241 BMD = 18.84 ZAR
19 February 20241 BMD = 18.83 ZAR
20 February 20241 BMD = 18.94 ZAR
21 February 20241 BMD = 18.91 ZAR
22 February 20241 BMD = 18.90 ZAR
23 February 20241 BMD = 19.15 ZAR
24 February 20241 BMD = 19.28 ZAR
25 February 20241 BMD = 19.31 ZAR
26 February 20241 BMD = 19.31 ZAR
27 February 20241 BMD = 19.21 ZAR
28 February 20241 BMD = 19.07 ZAR
29 February 20241 BMD = 19.25 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.

01/01/2019: Switch to the Bermuda dollar symbol

Bermuda officially adopted a new currency symbol for the Bermudian dollar, replacing the British pound sign used previously.

16/03/2015: Redesign of banknotes

The Bermuda Monetary Authority unveiled a redesigned series of banknotes featuring enhanced security features and updated designs.

01/05/2012: Introduction of polymer banknotes

Bermuda introduced polymer banknotes to replace paper currency for better durability and security.

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.

01/01/1997: Incorporation into Federal Reserve System

The US Federal Reserve System incorporated the Bermuda Monetary Authority into its banking system.

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.

06/01/1982: New notes and coins

Bermuda issued new notes and coins, featuring iconic local sights, to commemorate its 375th anniversary.

25/02/1972: Introduction of decimal coins

Bermuda introduced a decimal currency system, replacing the old pounds, shillings, and pence.

06/07/1970: Currency Board Agreement

Bermuda established a Currency Board System, pegging the Bermudian dollar at par with the US dollar.

14/09/1961: Introduction of the Rand

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