Historic Burundian Franc South African rand

Burundian Franc south african rand history for January 2024. The highest quote for this month is 0.006777 (23/01/2024) and the lowest 0.00673 (22/01/2024). The difference between high and low is 0.69.

BIF ZAR average rate for January 2024 is 0.00662, the change between 01/01/2024 and 31/01/2024 is -2.48 %.

01 January 20241 BIF = 0.0065 ZAR
02 January 20241 BIF = 0.0065 ZAR
03 January 20241 BIF = 0.0066 ZAR
04 January 20241 BIF = 0.0066 ZAR
05 January 20241 BIF = 0.0066 ZAR
06 January 20241 BIF = 0.0066 ZAR
07 January 20241 BIF = 0.0066 ZAR
08 January 20241 BIF = 0.0066 ZAR
09 January 20241 BIF = 0.0066 ZAR
10 January 20241 BIF = 0.0066 ZAR
11 January 20241 BIF = 0.0066 ZAR
12 January 20241 BIF = 0.0066 ZAR
14 January 20241 BIF = 0.0066 ZAR
15 January 20241 BIF = 0.0066 ZAR
16 January 20241 BIF = 0.0066 ZAR
17 January 20241 BIF = 0.0067 ZAR
18 January 20241 BIF = 0.0067 ZAR
19 January 20241 BIF = 0.0067 ZAR
22 January 20241 BIF = 0.0067 ZAR
23 January 20241 BIF = 0.0068 ZAR
24 January 20241 BIF = 0.0067 ZAR
25 January 20241 BIF = 0.0067 ZAR
26 January 20241 BIF = 0.0067 ZAR
28 January 20241 BIF = 0.0066 ZAR
29 January 20241 BIF = 0.0066 ZAR
30 January 20241 BIF = 0.0066 ZAR
31 January 20241 BIF = 0.0066 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 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
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BIF ZAR December 2024
BIF ZAR January 2025