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

Ghana Cedi south african rand history for October 2023. The highest quote for this month is 1.6814 (07/10/2023) and the lowest 1.6625 (05/10/2023). The difference between high and low is 1.12.

GHS ZAR average rate for October 2023 is 1.62245, the change between 01/10/2023 and 31/10/2023 is +2.72 %.

01 October 2023	1 GHS = 1.634 ZAR
02 October 2023	1 GHS = 1.628 ZAR
03 October 2023	1 GHS = 1.661 ZAR
04 October 2023	1 GHS = 1.665 ZAR
05 October 2023	1 GHS = 1.658 ZAR
06 October 2023	1 GHS = 1.675 ZAR
07 October 2023	1 GHS = 1.656 ZAR
09 October 2023	1 GHS = 1.657 ZAR
10 October 2023	1 GHS = 1.632 ZAR
11 October 2023	1 GHS = 1.617 ZAR
12 October 2023	1 GHS = 1.604 ZAR
13 October 2023	1 GHS = 1.622 ZAR
16 October 2023	1 GHS = 1.617 ZAR
17 October 2023	1 GHS = 1.599 ZAR
18 October 2023	1 GHS = 1.602 ZAR
19 October 2023	1 GHS = 1.615 ZAR
20 October 2023	1 GHS = 1.617 ZAR
21 October 2023	1 GHS = 1.608 ZAR
22 October 2023	1 GHS = 1.616 ZAR
23 October 2023	1 GHS = 1.618 ZAR
24 October 2023	1 GHS = 1.607 ZAR
25 October 2023	1 GHS = 1.611 ZAR
26 October 2023	1 GHS = 1.620 ZAR
27 October 2023	1 GHS = 1.603 ZAR
29 October 2023	1 GHS = 1.592 ZAR
30 October 2023	1 GHS = 1.584 ZAR
31 October 2023	1 GHS = 1.589 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