Burundian Franc south african rand exchange rate history (BIF ZAR) August 2023

Burundian Franc south african rand history for August 2023. The highest quote for this month is 0.006828 (15/08/2023) and the lowest 0.006762 (15/08/2023). The difference between high and low is 0.97.

BIF ZAR average rate for August 2023 is 0.00668, the change between 01/08/2023 and 31/08/2023 is -4.65 %.

01 August 2023	1 BIF = 0.0064 ZAR
02 August 2023	1 BIF = 0.0065 ZAR
03 August 2023	1 BIF = 0.0066 ZAR
04 August 2023	1 BIF = 0.0066 ZAR
07 August 2023	1 BIF = 0.0066 ZAR
08 August 2023	1 BIF = 0.0067 ZAR
09 August 2023	1 BIF = 0.0067 ZAR
10 August 2023	1 BIF = 0.0067 ZAR
11 August 2023	1 BIF = 0.0067 ZAR
12 August 2023	1 BIF = 0.0067 ZAR
14 August 2023	1 BIF = 0.0067 ZAR
15 August 2023	1 BIF = 0.0068 ZAR
16 August 2023	1 BIF = 0.0068 ZAR
17 August 2023	1 BIF = 0.0068 ZAR
18 August 2023	1 BIF = 0.0068 ZAR
20 August 2023	1 BIF = 0.0068 ZAR
21 August 2023	1 BIF = 0.0068 ZAR
22 August 2023	1 BIF = 0.0067 ZAR
23 August 2023	1 BIF = 0.0067 ZAR
24 August 2023	1 BIF = 0.0066 ZAR
25 August 2023	1 BIF = 0.0067 ZAR
28 August 2023	1 BIF = 0.0066 ZAR
29 August 2023	1 BIF = 0.0066 ZAR
30 August 2023	1 BIF = 0.0066 ZAR
31 August 2023	1 BIF = 0.0067 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.

29/06/2018: East African Community Currency Integration

Burundi joins the East African Community (EAC) currency integration, paving the way for a future unified currency within the region.

17/10/2011: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs are introduced in denominations of 500, 1000, 2000, 5000, and 10,000 Francs.

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.

30/06/2003: Second Currency Revaluation

The Burundian Franc undergoes another significant devaluation as part of the second currency revaluation program.

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.

30/04/1995: Printing of Banknotes

The first locally printed banknotes, issued in denominations of 10, 20, 50, 100, 500, 1000, and 5000 Francs, are circulated.

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.

20/10/1990: Introduction of New Coins

New coins are introduced in denominations of 1, 5, 10, 50, and 100 Francs.

22/09/1985: First Currency Revaluation

The Burundian Franc is significantly devalued as part of a currency revaluation program.

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.

30/06/1960: Independence from Belgium

Burundi gains independence from Belgium, establishing the Burundian Franc as its official currency.

Historic Burundian Franc South African rand