Historic Burundian Franc South African rand

Burundian Franc south african rand history for February 2024. The highest quote for this month is 0.006824 (23/02/2024) and the lowest 0.006799 (26/02/2024). The difference between high and low is 0.37.

BIF ZAR average rate for February 2024 is 0.00669, the change between 01/02/2024 and 29/02/2024 is -3.73 %.

01 February 20241 BIF = 0.0066 ZAR
02 February 20241 BIF = 0.0066 ZAR
03 February 20241 BIF = 0.0067 ZAR
04 February 20241 BIF = 0.0067 ZAR
05 February 20241 BIF = 0.0066 ZAR
06 February 20241 BIF = 0.0067 ZAR
07 February 20241 BIF = 0.0066 ZAR
08 February 20241 BIF = 0.0067 ZAR
09 February 20241 BIF = 0.0067 ZAR
12 February 20241 BIF = 0.0067 ZAR
13 February 20241 BIF = 0.0067 ZAR
14 February 20241 BIF = 0.0067 ZAR
15 February 20241 BIF = 0.0067 ZAR
16 February 20241 BIF = 0.0067 ZAR
17 February 20241 BIF = 0.0066 ZAR
18 February 20241 BIF = 0.0066 ZAR
19 February 20241 BIF = 0.0067 ZAR
20 February 20241 BIF = 0.0067 ZAR
21 February 20241 BIF = 0.0067 ZAR
22 February 20241 BIF = 0.0067 ZAR
23 February 20241 BIF = 0.0067 ZAR
24 February 20241 BIF = 0.0068 ZAR
25 February 20241 BIF = 0.0068 ZAR
26 February 20241 BIF = 0.0068 ZAR
27 February 20241 BIF = 0.0068 ZAR
28 February 20241 BIF = 0.0067 ZAR
29 February 20241 BIF = 0.0068 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.
BIF ZAR July 2023
BIF ZAR August 2023
BIF ZAR September 2023
BIF ZAR October 2023
BIF ZAR November 2023
BIF ZAR December 2023
BIF ZAR January 2024
BIF ZAR February 2024
BIF ZAR March 2024
BIF ZAR April 2024
BIF ZAR May 2024
BIF ZAR June 2024
BIF ZAR July 2024