Historic Danish Krone South African rand

Danish Krone south african rand history for January 2024. The highest quote for this month is 2.8013 (22/01/2024) and the lowest 2.7784 (23/01/2024). The difference between high and low is 0.82.

DKK ZAR average rate for January 2024 is 2.7444, the change between 01/01/2024 and 31/01/2024 is -0.96 %.

01 January 20241 DKK = 2.706 ZAR
02 January 20241 DKK = 2.710 ZAR
03 January 20241 DKK = 2.723 ZAR
04 January 20241 DKK = 2.736 ZAR
05 January 20241 DKK = 2.743 ZAR
06 January 20241 DKK = 2.741 ZAR
07 January 20241 DKK = 2.741 ZAR
08 January 20241 DKK = 2.739 ZAR
09 January 20241 DKK = 2.726 ZAR
10 January 20241 DKK = 2.732 ZAR
11 January 20241 DKK = 2.742 ZAR
12 January 20241 DKK = 2.746 ZAR
13 January 20241 DKK = 2.733 ZAR
14 January 20241 DKK = 2.733 ZAR
15 January 20241 DKK = 2.731 ZAR
16 January 20241 DKK = 2.737 ZAR
17 January 20241 DKK = 2.765 ZAR
18 January 20241 DKK = 2.785 ZAR
19 January 20241 DKK = 2.761 ZAR
20 January 20241 DKK = 2.778 ZAR
21 January 20241 DKK = 2.778 ZAR
22 January 20241 DKK = 2.777 ZAR
23 January 20241 DKK = 2.799 ZAR
24 January 20241 DKK = 2.755 ZAR
25 January 20241 DKK = 2.755 ZAR
26 January 20241 DKK = 2.748 ZAR
27 January 20241 DKK = 2.735 ZAR
28 January 20241 DKK = 2.733 ZAR
29 January 20241 DKK = 2.729 ZAR
30 January 20241 DKK = 2.730 ZAR
31 January 20241 DKK = 2.732 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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