Historic Bhutanese ngultrum South African rand

Bhutanese ngultrum south african rand history for February 2024. The highest quote for this month is 0.23323 (26/02/2024) and the lowest 0.2319 (26/02/2024). The difference between high and low is 0.57.

BTN ZAR average rate for February 2024 is 0.22835, the change between 01/02/2024 and 29/02/2024 is -3.55 %.

01 February 20241 BTN = 0.2241 ZAR
02 February 20241 BTN = 0.2237 ZAR
05 February 20241 BTN = 0.2276 ZAR
06 February 20241 BTN = 0.2292 ZAR
07 February 20241 BTN = 0.2265 ZAR
08 February 20241 BTN = 0.2277 ZAR
09 February 20241 BTN = 0.2285 ZAR
12 February 20241 BTN = 0.2284 ZAR
13 February 20241 BTN = 0.2276 ZAR
14 February 20241 BTN = 0.2297 ZAR
15 February 20241 BTN = 0.2291 ZAR
16 February 20241 BTN = 0.2280 ZAR
19 February 20241 BTN = 0.2267 ZAR
20 February 20241 BTN = 0.2281 ZAR
21 February 20241 BTN = 0.2277 ZAR
26 February 20241 BTN = 0.2326 ZAR
27 February 20241 BTN = 0.2315 ZAR
28 February 20241 BTN = 0.2300 ZAR
29 February 20241 BTN = 0.2320 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.

24/10/2018: 50 Ngultrum commemorative banknote issued

A special commemorative banknote of 50 Ngultrum was issued to celebrate the 50th Birth Anniversary of His Majesty Jigme Khesar Namgyel Wangchuck.

28/10/2013: 1000 Ngultrum banknote issued

A new denomination of 1000 Ngultrum banknote was introduced, reflecting the growing economy and need for larger denomination currency.

09/06/2011: Second series of Ngultrum banknotes issued

The second series of Bhutanese Ngultrum banknotes were issued, featuring improved security features and updated designs representing Bhutan's unique culture.

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.

21/11/2006: Introduction of polymer banknotes

Polymer banknotes were introduced in Bhutan, replacing the older paper banknotes, to enhance durability and security of the currency.

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.

01/01/1995: 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.

04/03/1992: First series of Ngultrum banknotes issued

The first series of Bhutanese Ngultrum banknotes were issued in denominations of 1, 5, 10, 20, 50, and 100 Ngultrum, showcasing Bhutanese culture and landmarks.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

31/12/1975: Establishment of the Royal Monetary Authority of Bhutan

The Royal Monetary Authority of Bhutan was established as the central bank of Bhutan, responsible for managing the Ngultrum currency.

31/05/1974: Introduction of the Bhutanese Ngultrum

The Bhutanese Ngultrum was introduced as the official currency of Bhutan to replace the Indian Rupee.

14/09/1961: Introduction of the Rand

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