Botswana pula south african rand exchange rate history (BWP ZAR) October 2023

Botswana pula south african rand history for October 2023. The highest quote for this month is 1.4327 (06/10/2023) and the lowest 1.412 (09/10/2023). The difference between high and low is 1.44.

BWP ZAR average rate for October 2023 is 1.3994, the change between 01/10/2023 and 31/10/2023 is +0.08 %.

02 October 2023	1 BWP = 1.396 ZAR
03 October 2023	1 BWP = 1.411 ZAR
04 October 2023	1 BWP = 1.417 ZAR
05 October 2023	1 BWP = 1.414 ZAR
06 October 2023	1 BWP = 1.424 ZAR
09 October 2023	1 BWP = 1.421 ZAR
10 October 2023	1 BWP = 1.398 ZAR
11 October 2023	1 BWP = 1.396 ZAR
12 October 2023	1 BWP = 1.389 ZAR
13 October 2023	1 BWP = 1.409 ZAR
16 October 2023	1 BWP = 1.396 ZAR
17 October 2023	1 BWP = 1.387 ZAR
18 October 2023	1 BWP = 1.391 ZAR
19 October 2023	1 BWP = 1.402 ZAR
20 October 2023	1 BWP = 1.396 ZAR
23 October 2023	1 BWP = 1.397 ZAR
24 October 2023	1 BWP = 1.394 ZAR
25 October 2023	1 BWP = 1.398 ZAR
26 October 2023	1 BWP = 1.404 ZAR
27 October 2023	1 BWP = 1.389 ZAR
28 October 2023	1 BWP = 1.376 ZAR
30 October 2023	1 BWP = 1.386 ZAR
31 October 2023	1 BWP = 1.395 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.

01/10/2018: Introduction of New Coins

Botswana introduces a new series of coins, featuring updated designs and enhanced durability.

01/08/2014: Currency Redenomination

Botswana redenominates the Pula, dividing it into 1000 Thebe to simplify calculations and reduce the use of smaller denominations.

05/10/2009: Introduction of New Banknotes

Botswana introduces a new series of banknotes, featuring improved security features and updated designs.

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.

23/08/2005: Currency Devaluation

Botswana allows the Pula to float freely against other currencies, resulting in a devaluation of approximately 12%.

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.

01/08/1982: Currency Decimalization

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

31/12/1980: Currency Board Established

The Bank of Botswana establishes a Currency Board, which manages the issuance and distribution of the Pula.

17/10/1978: Currency Pegged to a Basket

Botswana pegs the Pula to a basket of currencies, including the South African Rand, British Pound, and US Dollar.

14/09/1976: Introduction of the Pula

Botswana replaces the South African Rand with its own currency, the Pula, at a 1:1 exchange rate.

14/09/1961: Introduction of the Rand

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

Historic Botswana pula South African rand