Ghana Cedi south african rand exchange rate history (GHS ZAR) August 2023

Ghana Cedi south african rand history for August 2023. The highest quote for this month is 1.7214 (12/08/2023) and the lowest 1.7274 (14/08/2023). The difference between high and low is -0.35.

GHS ZAR average rate for August 2023 is 1.67448, the change between 01/08/2023 and 31/08/2023 is -2.27 %.

01 August 2023	1 GHS = 1.601 ZAR
02 August 2023	1 GHS = 1.643 ZAR
03 August 2023	1 GHS = 1.640 ZAR
04 August 2023	1 GHS = 1.695 ZAR
07 August 2023	1 GHS = 1.646 ZAR
08 August 2023	1 GHS = 1.678 ZAR
09 August 2023	1 GHS = 1.692 ZAR
10 August 2023	1 GHS = 1.701 ZAR
11 August 2023	1 GHS = 1.680 ZAR
12 August 2023	1 GHS = 1.721 ZAR
14 August 2023	1 GHS = 1.691 ZAR
15 August 2023	1 GHS = 1.741 ZAR
16 August 2023	1 GHS = 1.740 ZAR
17 August 2023	1 GHS = 1.712 ZAR
18 August 2023	1 GHS = 1.701 ZAR
20 August 2023	1 GHS = 1.688 ZAR
21 August 2023	1 GHS = 1.684 ZAR
22 August 2023	1 GHS = 1.690 ZAR
23 August 2023	1 GHS = 1.676 ZAR
24 August 2023	1 GHS = 1.648 ZAR
25 August 2023	1 GHS = 1.663 ZAR
28 August 2023	1 GHS = 1.643 ZAR
29 August 2023	1 GHS = 1.631 ZAR
30 August 2023	1 GHS = 1.622 ZAR
31 August 2023	1 GHS = 1.638 ZAR

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.

16/09/2019: Ghana Goes Cashless

The government launched the Ghana.Gov payment platform, aimed at promoting electronic payments and reducing cash transactions.

05/07/2012: GHS Symbol Change

The Bank of Ghana introduced a new currency symbol for the cedi, changing it from GHȼ to GHS.

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.

03/07/2007: Decimals Dropped

The Bank of Ghana dropped four decimal places, making 1 new Ghanaian cedi = 1 GHȼ.

01/07/2002: Replacement of New Cedi

The new Ghanaian cedi, denoted as GHC, replaced the second cedi at a rate of 1 cedi = 10,000 cedis.

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.

01/08/1982: Currency Decimalization

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

17/07/1978: Second Cedi Introduced

Due to high inflation, the second Ghanaian cedi was introduced with a new currency code, GHS.

19/07/1965: Cedi Introduced

The Ghanaian pound was replaced by the Ghanaian cedi at a rate of 1 pound = 2.4 cedis, symbolizing economic independence.

14/09/1961: Introduction of the Rand

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

06/03/1957: Ghana's Independence

Ghana gained independence from British colonial rule, leading to the introduction of the Ghanaian pound as its currency.

Historic Ghana Cedi South African rand