Bermudian dollar south african rand exchange rate history (BMD ZAR) September 2023

Bermudian dollar south african rand history for September 2023. The highest quote for this month is 19.329 (06/09/2023) and the lowest 19.11 (07/09/2023). The difference between high and low is 1.13.

BMD ZAR average rate for September 2023 is 18.95387, the change between 01/09/2023 and 30/09/2023 is -0.45 %.

01 September 2023	1 BMD = 18.83 ZAR
04 September 2023	1 BMD = 18.80 ZAR
05 September 2023	1 BMD = 19.10 ZAR
06 September 2023	1 BMD = 19.12 ZAR
07 September 2023	1 BMD = 19.20 ZAR
08 September 2023	1 BMD = 19.13 ZAR
11 September 2023	1 BMD = 19.06 ZAR
12 September 2023	1 BMD = 18.84 ZAR
13 September 2023	1 BMD = 18.92 ZAR
14 September 2023	1 BMD = 18.81 ZAR
15 September 2023	1 BMD = 19.03 ZAR
18 September 2023	1 BMD = 18.98 ZAR
19 September 2023	1 BMD = 19.01 ZAR
20 September 2023	1 BMD = 18.91 ZAR
21 September 2023	1 BMD = 18.85 ZAR
22 September 2023	1 BMD = 18.95 ZAR
23 September 2023	1 BMD = 18.76 ZAR
25 September 2023	1 BMD = 18.74 ZAR
26 September 2023	1 BMD = 18.77 ZAR
27 September 2023	1 BMD = 19.06 ZAR
28 September 2023	1 BMD = 19.20 ZAR
29 September 2023	1 BMD = 18.97 ZAR
30 September 2023	1 BMD = 18.92 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.

Historic Bermudian dollar South African rand