Historic Bermudian dollar South African rand

Bermudian dollar south african rand history for January 2024. The highest quote for this month is 19.206 (23/01/2024) and the lowest 19.009 (20/01/2024). The difference between high and low is 1.03.

BMD ZAR average rate for January 2024 is 18.74774, the change between 01/01/2024 and 31/01/2024 is -2.79 %.

01 January 20241 BMD = 18.27 ZAR
02 January 20241 BMD = 18.30 ZAR
03 January 20241 BMD = 18.56 ZAR
04 January 20241 BMD = 18.67 ZAR
05 January 20241 BMD = 18.69 ZAR
06 January 20241 BMD = 18.68 ZAR
07 January 20241 BMD = 18.68 ZAR
08 January 20241 BMD = 18.67 ZAR
09 January 20241 BMD = 18.56 ZAR
10 January 20241 BMD = 18.64 ZAR
11 January 20241 BMD = 18.63 ZAR
12 January 20241 BMD = 18.65 ZAR
13 January 20241 BMD = 18.61 ZAR
14 January 20241 BMD = 18.61 ZAR
15 January 20241 BMD = 18.61 ZAR
16 January 20241 BMD = 18.65 ZAR
17 January 20241 BMD = 18.96 ZAR
18 January 20241 BMD = 19.08 ZAR
19 January 20241 BMD = 18.92 ZAR
20 January 20241 BMD = 19.01 ZAR
21 January 20241 BMD = 19.01 ZAR
22 January 20241 BMD = 19.01 ZAR
23 January 20241 BMD = 19.19 ZAR
24 January 20241 BMD = 18.91 ZAR
25 January 20241 BMD = 18.88 ZAR
26 January 20241 BMD = 18.88 ZAR
27 January 20241 BMD = 18.78 ZAR
28 January 20241 BMD = 18.78 ZAR
29 January 20241 BMD = 18.76 ZAR
30 January 20241 BMD = 18.78 ZAR
31 January 20241 BMD = 18.78 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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