Historic Falkland Islands pound South African rand

Falkland Islands pound south african rand history since 17/11/2024 until today (0 years). Search for FKP to ZAR exchange rate history for a particular date, month or year.

is the currency (supplied by Government of the Falkland Islands and the currency supplied by South African Reserve Bank. The FKP ZAR historical data can be seen on the Falkland Islands pound south african rand historical chart.

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.

18/07/2016: New Polymer Banknotes Issued

The Falkland Islands government introduces new polymer banknotes to replace the older paper versions, enhancing the durability and security of their currency.

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.

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.

14/06/1983: Pegging to the Pound Sterling

The Falkland Islands pound (FKP) is officially pegged to the British pound sterling (GBP) at a 1:1 ratio, ensuring a stable exchange rate.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

14/05/1971: New Decimalized Currency Introduced

The Falkland Islands pound (FKP) is decimalized, with the introduction of a new currency system based on the decimal system.

14/09/1961: Introduction of the Rand

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

28/04/1899: Currency Board Established

The Falkland Islands Currency Board is established, introducing the first Falkland Islands pound (FKP) as the official currency.

02/01/1833: Argentina Removed from Islands

British forces remove Argentine authorities from the Falkland Islands, solidifying British control over the territory.

03/01/1829: First British Colony Declared

British Captain Onslow declares the Falkland Islands a British colony, leading to the establishment of a formal British presence in the region.

02/01/1764: First British Settlement

British Captain Byron claims the Falkland Islands for Britain, establishing the first permanent British settlement in the region.