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

Danish Krone south african rand history for November 2023. The highest quote for this month is 2.7717 (30/11/2023) and the lowest 2.7545 (26/11/2023). The difference between high and low is 0.62.

DKK ZAR average rate for November 2023 is 2.6862, the change between 01/11/2023 and 30/11/2023 is -4.45 %.

01 November 2023	1 DKK = 2.639 ZAR
02 November 2023	1 DKK = 2.617 ZAR
03 November 2023	1 DKK = 2.618 ZAR
06 November 2023	1 DKK = 2.627 ZAR
07 November 2023	1 DKK = 2.629 ZAR
08 November 2023	1 DKK = 2.629 ZAR
09 November 2023	1 DKK = 2.654 ZAR
10 November 2023	1 DKK = 2.668 ZAR
12 November 2023	1 DKK = 2.684 ZAR
13 November 2023	1 DKK = 2.685 ZAR
14 November 2023	1 DKK = 2.679 ZAR
15 November 2023	1 DKK = 2.657 ZAR
16 November 2023	1 DKK = 2.646 ZAR
17 November 2023	1 DKK = 2.673 ZAR
19 November 2023	1 DKK = 2.690 ZAR
20 November 2023	1 DKK = 2.682 ZAR
21 November 2023	1 DKK = 2.690 ZAR
22 November 2023	1 DKK = 2.725 ZAR
23 November 2023	1 DKK = 2.757 ZAR
24 November 2023	1 DKK = 2.751 ZAR
26 November 2023	1 DKK = 2.762 ZAR
27 November 2023	1 DKK = 2.757 ZAR
28 November 2023	1 DKK = 2.740 ZAR
29 November 2023	1 DKK = 2.742 ZAR
30 November 2023	1 DKK = 2.757 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