Historic Brazilian Real South African rand

Brazilian Real south african rand history for February 2024. The highest quote for this month is 3.8927 (28/02/2024) and the lowest 3.8765 (28/02/2024). The difference between high and low is 0.42.

BRL ZAR average rate for February 2024 is 3.82463, the change between 01/02/2024 and 29/02/2024 is -3.12 %.

01 February 20241 BRL = 3.759 ZAR
02 February 20241 BRL = 3.777 ZAR
03 February 20241 BRL = 3.803 ZAR
04 February 20241 BRL = 3.799 ZAR
05 February 20241 BRL = 3.828 ZAR
06 February 20241 BRL = 3.848 ZAR
07 February 20241 BRL = 3.792 ZAR
08 February 20241 BRL = 3.803 ZAR
09 February 20241 BRL = 3.799 ZAR
12 February 20241 BRL = 3.831 ZAR
13 February 20241 BRL = 3.816 ZAR
14 February 20241 BRL = 3.852 ZAR
15 February 20241 BRL = 3.830 ZAR
16 February 20241 BRL = 3.809 ZAR
17 February 20241 BRL = 3.794 ZAR
18 February 20241 BRL = 3.793 ZAR
19 February 20241 BRL = 3.792 ZAR
20 February 20241 BRL = 3.821 ZAR
21 February 20241 BRL = 3.838 ZAR
22 February 20241 BRL = 3.829 ZAR
23 February 20241 BRL = 3.859 ZAR
24 February 20241 BRL = 3.860 ZAR
25 February 20241 BRL = 3.866 ZAR
26 February 20241 BRL = 3.866 ZAR
27 February 20241 BRL = 3.859 ZAR
28 February 20241 BRL = 3.866 ZAR
29 February 20241 BRL = 3.876 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.

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

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.

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

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.

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.

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.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.
BRL ZAR January 2024
BRL ZAR February 2024
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