Historic Bermudian dollar South African rand

Bermudian dollar south african rand history for May 2022. The highest quote for this month is 16.312 (16/05/2022) and the lowest 16.09 (16/05/2022). The difference between high and low is 1.36.

BMD ZAR average rate for May 2022 is 15.88, the change between 01/05/2022 and 31/05/2022 is +2.01 %.

02 May 20221 BMD = 15.79 ZAR
03 May 20221 BMD = 16.11 ZAR
04 May 20221 BMD = 15.73 ZAR
05 May 20221 BMD = 15.47 ZAR
06 May 20221 BMD = 15.98 ZAR
09 May 20221 BMD = 16.06 ZAR
10 May 20221 BMD = 16.22 ZAR
11 May 20221 BMD = 16.12 ZAR
12 May 20221 BMD = 16.08 ZAR
13 May 20221 BMD = 16.06 ZAR
16 May 20221 BMD = 16.15 ZAR
17 May 20221 BMD = 16.12 ZAR
18 May 20221 BMD = 15.90 ZAR
19 May 20221 BMD = 16.07 ZAR
20 May 20221 BMD = 15.83 ZAR
23 May 20221 BMD = 15.83 ZAR
24 May 20221 BMD = 15.78 ZAR
25 May 20221 BMD = 15.62 ZAR
26 May 20221 BMD = 15.72 ZAR
27 May 20221 BMD = 15.68 ZAR
30 May 20221 BMD = 15.57 ZAR
31 May 20221 BMD = 15.48 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.