Danish Krone south african rand exchange rate history (DKK ZAR) August 2023

Danish Krone south african rand history for August 2023. The highest quote for this month is 2.8222 (15/08/2023) and the lowest 2.7915 (15/08/2023). The difference between high and low is 1.09.

DKK ZAR average rate for August 2023 is 2.74372, the change between 01/08/2023 and 31/08/2023 is -4.04 %.

01 August 2023	1 DKK = 2.635 ZAR
02 August 2023	1 DKK = 2.695 ZAR
03 August 2023	1 DKK = 2.709 ZAR
04 August 2023	1 DKK = 2.740 ZAR
07 August 2023	1 DKK = 2.723 ZAR
08 August 2023	1 DKK = 2.761 ZAR
09 August 2023	1 DKK = 2.781 ZAR
10 August 2023	1 DKK = 2.792 ZAR
11 August 2023	1 DKK = 2.774 ZAR
12 August 2023	1 DKK = 2.783 ZAR
14 August 2023	1 DKK = 2.779 ZAR
15 August 2023	1 DKK = 2.791 ZAR
16 August 2023	1 DKK = 2.801 ZAR
17 August 2023	1 DKK = 2.799 ZAR
18 August 2023	1 DKK = 2.780 ZAR
21 August 2023	1 DKK = 2.768 ZAR
22 August 2023	1 DKK = 2.770 ZAR
23 August 2023	1 DKK = 2.732 ZAR
24 August 2023	1 DKK = 2.690 ZAR
25 August 2023	1 DKK = 2.723 ZAR
28 August 2023	1 DKK = 2.697 ZAR
29 August 2023	1 DKK = 2.695 ZAR
30 August 2023	1 DKK = 2.690 ZAR
31 August 2023	1 DKK = 2.742 ZAR

04/02/2021: Ending of Intervention Policy

Denmark's central bank announced the end of its long-standing policy of defending the Krone's peg to the Euro.

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.

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.

19/09/2000: Referendum on Euro Membership

Danish voters rejected adopting the Euro in a referendum, maintaining the Krone as the national currency.

31/12/1998: Euro peg

Denmark joined the European Exchange Rate Mechanism (ERM II), pegging the Krone to the Euro with a narrow fluctuation band.

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.

24/03/1982: Floating Exchange Rate

Denmark switched to a floating exchange rate regime, allowing the Krone's value to be determined by market forces.

14/09/1961: Introduction of the Rand

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

21/07/1944: Bretton Woods Agreement

Denmark became a member of the International Monetary Fund (IMF) and agreed to the Bretton Woods system, pegging the Krone to the US dollar.

10/09/1927: Return to Gold Standard

Denmark abandoned the gold standard due to economic pressures and public debt.

31/12/1872: Pegging to Gold Standard

The Danish Krone was pegged to the gold standard, fixing its value in relation to gold.

Historic Danish Krone South African rand