Historic Danish Krone South African rand

Danish Krone south african rand history for February 2024. The highest quote for this month is 2.8114 (23/02/2024) and the lowest 2.8038 (26/02/2024). The difference between high and low is 0.27.

DKK ZAR average rate for February 2024 is 2.74625, the change between 01/02/2024 and 29/02/2024 is -3.78 %.

01 February 20241 DKK = 2.698 ZAR
02 February 20241 DKK = 2.709 ZAR
03 February 20241 DKK = 2.736 ZAR
04 February 20241 DKK = 2.734 ZAR
05 February 20241 DKK = 2.731 ZAR
06 February 20241 DKK = 2.744 ZAR
07 February 20241 DKK = 2.714 ZAR
08 February 20241 DKK = 2.731 ZAR
09 February 20241 DKK = 2.742 ZAR
10 February 20241 DKK = 2.752 ZAR
11 February 20241 DKK = 2.755 ZAR
12 February 20241 DKK = 2.749 ZAR
13 February 20241 DKK = 2.731 ZAR
14 February 20241 DKK = 2.741 ZAR
15 February 20241 DKK = 2.740 ZAR
16 February 20241 DKK = 2.737 ZAR
17 February 20241 DKK = 2.724 ZAR
18 February 20241 DKK = 2.724 ZAR
19 February 20241 DKK = 2.724 ZAR
20 February 20241 DKK = 2.738 ZAR
21 February 20241 DKK = 2.742 ZAR
22 February 20241 DKK = 2.743 ZAR
23 February 20241 DKK = 2.781 ZAR
25 February 20241 DKK = 2.805 ZAR
26 February 20241 DKK = 2.802 ZAR
27 February 20241 DKK = 2.797 ZAR
28 February 20241 DKK = 2.774 ZAR
29 February 20241 DKK = 2.800 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.
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