Historic Costa Rican colón South African rand

Costa Rican colón south african rand history for January 2024. The highest quote for this month is 0.038281 (22/01/2024) and the lowest 0.037918 (23/01/2024). The difference between high and low is 0.95.

CRC ZAR average rate for January 2024 is 0.03703, the change between 01/01/2024 and 31/01/2024 is -4.44 %.

01 January 20241 CRC = 0.0360 ZAR
02 January 20241 CRC = 0.0360 ZAR
03 January 20241 CRC = 0.0366 ZAR
04 January 20241 CRC = 0.0369 ZAR
05 January 20241 CRC = 0.0369 ZAR
06 January 20241 CRC = 0.0361 ZAR
07 January 20241 CRC = 0.0361 ZAR
08 January 20241 CRC = 0.0370 ZAR
09 January 20241 CRC = 0.0366 ZAR
10 January 20241 CRC = 0.0368 ZAR
11 January 20241 CRC = 0.0367 ZAR
12 January 20241 CRC = 0.0367 ZAR
14 January 20241 CRC = 0.0359 ZAR
15 January 20241 CRC = 0.0367 ZAR
16 January 20241 CRC = 0.0368 ZAR
17 January 20241 CRC = 0.0374 ZAR
18 January 20241 CRC = 0.0379 ZAR
19 January 20241 CRC = 0.0376 ZAR
22 January 20241 CRC = 0.0379 ZAR
23 January 20241 CRC = 0.0383 ZAR
24 January 20241 CRC = 0.0378 ZAR
25 January 20241 CRC = 0.0377 ZAR
26 January 20241 CRC = 0.0378 ZAR
28 January 20241 CRC = 0.0368 ZAR
29 January 20241 CRC = 0.0376 ZAR
30 January 20241 CRC = 0.0377 ZAR
31 January 20241 CRC = 0.0376 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.

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.

15/10/2006: New series of banknotes

Costa Rica introduced a new series of banknotes featuring enhanced security features to combat counterfeiting and modernize the colón currency.

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.

21/05/1991: Free-floating exchange rate

Costa Rica transitioned to a floating exchange rate regime, allowing the colón's value to be determined by market forces.

01/08/1982: Currency Decimalization

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

09/11/1961: Introduction of the Monetary Reform

Costa Rica implemented a monetary reform, replacing the old colón with a new one at a rate of 1 to 100, to combat inflation.

14/09/1961: Introduction of the Rand

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

30/11/1949: Abolition of the army

After the abolition of the army, the Costa Rican government focused on economic development, leading to stable monetary policies for the colón.

14/12/1917: Establishment of the Central Bank of Costa Rica

The Central Bank of Costa Rica was established to oversee monetary policy, including the management of the colón.

09/04/1896: Adoption of the gold standard

Costa Rica adopted the gold standard, pegging the value of the colón to gold, leading to currency stability.

18/03/1850: Introduction of the Costa Rican colón

The Costa Rican colón was officially introduced as the currency of Costa Rica to replace the Spanish real.
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