Historic Cayman Islands dollar South African rand

Cayman Islands dollar south african rand history for December 2023. The highest quote for this month is 23.453 (11/12/2023) and the lowest 23.181 (11/12/2023). The difference between high and low is 1.16.

KYD ZAR average rate for December 2023 is 22.73607, the change between 01/12/2023 and 31/12/2023 is +3.53 %.

01 December 20231 KYD = 23.11 ZAR
02 December 20231 KYD = 22.73 ZAR
03 December 20231 KYD = 22.73 ZAR
04 December 20231 KYD = 22.79 ZAR
05 December 20231 KYD = 23.05 ZAR
06 December 20231 KYD = 23.26 ZAR
07 December 20231 KYD = 23.24 ZAR
08 December 20231 KYD = 23.06 ZAR
10 December 20231 KYD = 23.14 ZAR
11 December 20231 KYD = 23.16 ZAR
12 December 20231 KYD = 23.39 ZAR
13 December 20231 KYD = 23.23 ZAR
14 December 20231 KYD = 22.89 ZAR
15 December 20231 KYD = 22.48 ZAR
16 December 20231 KYD = 22.37 ZAR
17 December 20231 KYD = 22.37 ZAR
18 December 20231 KYD = 22.31 ZAR
19 December 20231 KYD = 22.80 ZAR
20 December 20231 KYD = 22.50 ZAR
21 December 20231 KYD = 22.39 ZAR
22 December 20231 KYD = 22.29 ZAR
23 December 20231 KYD = 22.49 ZAR
24 December 20231 KYD = 22.49 ZAR
25 December 20231 KYD = 22.63 ZAR
26 December 20231 KYD = 22.60 ZAR
27 December 20231 KYD = 22.84 ZAR
28 December 20231 KYD = 22.51 ZAR
29 December 20231 KYD = 22.66 ZAR
30 December 20231 KYD = 22.30 ZAR
31 December 20231 KYD = 22.30 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.

01/01/2010: Removal of 1 cent coin from circulation

Due to its low purchasing power and production costs, the 1 cent coin was withdrawn from circulation in the Cayman Islands.

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.

01/11/2007: Transition from Crown Dependencies to Overseas Countries and Territories

The Cayman Islands, including its currency, transitioned from being labeled as a Crown Dependency to an Overseas Country and Territory.

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.

01/01/2001: Issuance of New Banknotes and Coins

New banknotes and coins with enhanced security features were introduced to combat counterfeiting.

01/01/1999: Introduction of Cayman Islands Currency Law

The Cayman Islands Currency Law was enacted to provide a legal framework for the issuance and regulation of the currency.

01/07/1997: Pegging of the Cayman Islands Dollar to the US Dollar

The Cayman Islands dollar was pegged to the US dollar at a fixed exchange rate of KYD 1.00 = USD 1.20.

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.

07/11/1974: Creation of the Cayman Islands Monetary Authority

The Cayman Islands Monetary Authority was established as the central bank responsible for regulating the currency and financial institutions.

01/01/1972: Introduction of Cayman Islands Dollar

The Cayman Islands dollar was first introduced as the official currency, replacing the Jamaican dollar.

14/09/1961: Introduction of the Rand

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