Historic Ghana Cedi South African rand

Ghana Cedi south african rand history for January 2024. The highest quote for this month is 1.5995 (17/01/2024) and the lowest 1.588 (22/01/2024). The difference between high and low is 0.72.

GHS ZAR average rate for January 2024 is 1.56124, the change between 01/01/2024 and 31/01/2024 is +0.09 %.

01 January 20241 GHS = 1.527 ZAR
02 January 20241 GHS = 1.528 ZAR
03 January 20241 GHS = 1.559 ZAR
04 January 20241 GHS = 1.569 ZAR
05 January 20241 GHS = 1.570 ZAR
06 January 20241 GHS = 1.572 ZAR
07 January 20241 GHS = 1.572 ZAR
08 January 20241 GHS = 1.570 ZAR
09 January 20241 GHS = 1.560 ZAR
10 January 20241 GHS = 1.568 ZAR
11 January 20241 GHS = 1.566 ZAR
12 January 20241 GHS = 1.564 ZAR
14 January 20241 GHS = 1.562 ZAR
15 January 20241 GHS = 1.560 ZAR
16 January 20241 GHS = 1.559 ZAR
17 January 20241 GHS = 1.581 ZAR
18 January 20241 GHS = 1.601 ZAR
19 January 20241 GHS = 1.583 ZAR
22 January 20241 GHS = 1.575 ZAR
23 January 20241 GHS = 1.599 ZAR
24 January 20241 GHS = 1.579 ZAR
25 January 20241 GHS = 1.560 ZAR
26 January 20241 GHS = 1.560 ZAR
28 January 20241 GHS = 1.539 ZAR
29 January 20241 GHS = 1.518 ZAR
30 January 20241 GHS = 1.527 ZAR
31 January 20241 GHS = 1.526 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.
GHS ZAR July 2023
GHS ZAR August 2023
GHS ZAR September 2023
GHS ZAR October 2023
GHS ZAR November 2023
GHS ZAR December 2023
GHS ZAR January 2024
GHS ZAR February 2024
GHS ZAR March 2024
GHS ZAR April 2024
GHS ZAR May 2024
GHS ZAR June 2024
GHS ZAR July 2024