Historic Canadian dollar South African rand

Canadian dollar south african rand history for February 2024. The highest quote for this month is 14.338 (23/02/2024) and the lowest 14.284 (25/02/2024). The difference between high and low is 0.38.

CAD ZAR average rate for February 2024 is 14.07172, the change between 01/02/2024 and 29/02/2024 is -2.35 %.

01 February 20241 CAD = 13.85 ZAR
02 February 20241 CAD = 13.87 ZAR
03 February 20241 CAD = 14.04 ZAR
04 February 20241 CAD = 14.04 ZAR
05 February 20241 CAD = 14.02 ZAR
06 February 20241 CAD = 14.07 ZAR
07 February 20241 CAD = 13.95 ZAR
08 February 20241 CAD = 14.04 ZAR
09 February 20241 CAD = 14.09 ZAR
10 February 20241 CAD = 14.13 ZAR
11 February 20241 CAD = 14.15 ZAR
12 February 20241 CAD = 14.10 ZAR
13 February 20241 CAD = 14.05 ZAR
14 February 20241 CAD = 14.06 ZAR
15 February 20241 CAD = 14.06 ZAR
16 February 20241 CAD = 14.07 ZAR
17 February 20241 CAD = 13.97 ZAR
18 February 20241 CAD = 13.97 ZAR
19 February 20241 CAD = 13.97 ZAR
20 February 20241 CAD = 14.03 ZAR
21 February 20241 CAD = 13.98 ZAR
22 February 20241 CAD = 14.00 ZAR
23 February 20241 CAD = 14.20 ZAR
24 February 20241 CAD = 14.27 ZAR
25 February 20241 CAD = 14.31 ZAR
26 February 20241 CAD = 14.29 ZAR
27 February 20241 CAD = 14.23 ZAR
28 February 20241 CAD = 14.09 ZAR
29 February 20241 CAD = 14.18 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.

07/11/2013: Change in banknote design and security features

The Bank of Canada introduced new polymer banknotes with enhanced security features and redesigned motifs, replacing the paper-based notes in circulation since 1935.

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.

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.

01/08/1982: Currency Decimalization

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

15/08/1971: Canada switches to a floating exchange rate

Canada abandoned its fixed exchange rate system and adopted a floating exchange rate, allowing the value of the Canadian dollar to fluctuate in response to market forces.

14/09/1961: Introduction of the Rand

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

01/03/1950: Introduction of the Canadian dollar's decimalization

Canada adopted a decimal currency system, dividing the dollar into 100 cents, replacing the previous system based on pounds, shillings, and pence.

01/01/1933: Currency depreciation during the Great Depression

The Canadian dollar experienced significant depreciation during the Great Depression due to economic uncertainty and a decrease in international trade.

02/01/1914: Introduction of the Canadian Dollar Act

The Canadian Dollar Act established the Canadian dollar as the sole currency of Canada and gave the government control over its issuance.

01/01/1858: Introduction of the Canadian dollar

The Canadian pound was replaced by the Canadian dollar as the official currency of Canada, helping to unify the currency across the country.

01/01/1841: Introduction of the Canadian pound

The first Canadian currency was the Canadian pound, which was introduced to replace British pounds in the Province of Canada.
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