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

Danish Krone south african rand history for October 2023. The highest quote for this month is 2.765 (05/10/2023) and the lowest 2.7366 (06/10/2023). The difference between high and low is 1.03.

DKK ZAR average rate for October 2023 is 2.69186, the change between 01/10/2023 and 31/10/2023 is -0.14 %.

01 October 2023	1 DKK = 2.675 ZAR
02 October 2023	1 DKK = 2.675 ZAR
03 October 2023	1 DKK = 2.700 ZAR
04 October 2023	1 DKK = 2.709 ZAR
05 October 2023	1 DKK = 2.722 ZAR
06 October 2023	1 DKK = 2.759 ZAR
09 October 2023	1 DKK = 2.743 ZAR
10 October 2023	1 DKK = 2.716 ZAR
11 October 2023	1 DKK = 2.703 ZAR
12 October 2023	1 DKK = 2.680 ZAR
13 October 2023	1 DKK = 2.686 ZAR
16 October 2023	1 DKK = 2.677 ZAR
17 October 2023	1 DKK = 2.657 ZAR
18 October 2023	1 DKK = 2.663 ZAR
19 October 2023	1 DKK = 2.680 ZAR
20 October 2023	1 DKK = 2.695 ZAR
21 October 2023	1 DKK = 2.682 ZAR
22 October 2023	1 DKK = 2.695 ZAR
23 October 2023	1 DKK = 2.693 ZAR
24 October 2023	1 DKK = 2.709 ZAR
25 October 2023	1 DKK = 2.699 ZAR
26 October 2023	1 DKK = 2.708 ZAR
27 October 2023	1 DKK = 2.680 ZAR
28 October 2023	1 DKK = 2.671 ZAR
29 October 2023	1 DKK = 2.671 ZAR
30 October 2023	1 DKK = 2.656 ZAR
31 October 2023	1 DKK = 2.678 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