Pound sterling south african rand exchange rate history (GBP ZAR) October 2023

Pound sterling south african rand history for October 2023. The highest quote for this month is 23.778 (05/10/2023) and the lowest 23.605 (06/10/2023). The difference between high and low is 0.73.

GBP ZAR average rate for October 2023 is 23.14804, the change between 01/10/2023 and 31/10/2023 is +0.42 %.

01 October 2023	1 GBP = 23.01 ZAR
02 October 2023	1 GBP = 23.02 ZAR
03 October 2023	1 GBP = 23.23 ZAR
04 October 2023	1 GBP = 23.31 ZAR
05 October 2023	1 GBP = 23.45 ZAR
06 October 2023	1 GBP = 23.78 ZAR
09 October 2023	1 GBP = 23.66 ZAR
10 October 2023	1 GBP = 23.45 ZAR
11 October 2023	1 GBP = 23.35 ZAR
12 October 2023	1 GBP = 23.17 ZAR
13 October 2023	1 GBP = 23.16 ZAR
16 October 2023	1 GBP = 23.06 ZAR
17 October 2023	1 GBP = 22.93 ZAR
18 October 2023	1 GBP = 22.89 ZAR
19 October 2023	1 GBP = 23.04 ZAR
20 October 2023	1 GBP = 23.06 ZAR
22 October 2023	1 GBP = 23.08 ZAR
23 October 2023	1 GBP = 23.08 ZAR
24 October 2023	1 GBP = 23.22 ZAR
25 October 2023	1 GBP = 23.12 ZAR
26 October 2023	1 GBP = 23.15 ZAR
27 October 2023	1 GBP = 22.98 ZAR
29 October 2023	1 GBP = 22.88 ZAR
30 October 2023	1 GBP = 22.73 ZAR
31 October 2023	1 GBP = 22.91 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.

23/06/2016: Brexit Referendum

The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.

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.

31/12/1999: Establishment of the Euro

The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.

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.

16/09/1992: Black Wednesday

The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).

01/08/1982: Currency Decimalization

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

14/02/1971: Decimalization of the Pound

The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal currency.

14/09/1961: Introduction of the Rand

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

06/12/1921: Currency Separation with Ireland

Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.

21/12/1816: Gold Standard Introduced

The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.

27/07/1694: Bank of England Established

The Bank of England was founded and granted a royal charter, becoming the central bank of England.

Historic Pound sterling South African rand