Hong Kong dollar south african rand exchange rate history (HKD ZAR) December 2023

Hong Kong dollar south african rand history for December 2023. The highest quote for this month is 2.4498 (11/12/2023) and the lowest 2.4304 (10/12/2023). The difference between high and low is 0.79.

HKD ZAR average rate for December 2023 is 2.37876, the change between 01/12/2023 and 31/12/2023 is +2.93 %.

01 December 2023	1 HKD = 2.412 ZAR
02 December 2023	1 HKD = 2.385 ZAR
03 December 2023	1 HKD = 2.385 ZAR
04 December 2023	1 HKD = 2.379 ZAR
05 December 2023	1 HKD = 2.405 ZAR
06 December 2023	1 HKD = 2.423 ZAR
07 December 2023	1 HKD = 2.428 ZAR
08 December 2023	1 HKD = 2.408 ZAR
10 December 2023	1 HKD = 2.430 ZAR
11 December 2023	1 HKD = 2.421 ZAR
12 December 2023	1 HKD = 2.443 ZAR
13 December 2023	1 HKD = 2.423 ZAR
14 December 2023	1 HKD = 2.388 ZAR
15 December 2023	1 HKD = 2.346 ZAR
16 December 2023	1 HKD = 2.351 ZAR
17 December 2023	1 HKD = 2.351 ZAR
18 December 2023	1 HKD = 2.344 ZAR
19 December 2023	1 HKD = 2.383 ZAR
20 December 2023	1 HKD = 2.350 ZAR
21 December 2023	1 HKD = 2.338 ZAR
22 December 2023	1 HKD = 2.326 ZAR
23 December 2023	1 HKD = 2.361 ZAR
24 December 2023	1 HKD = 2.361 ZAR
25 December 2023	1 HKD = 2.365 ZAR
26 December 2023	1 HKD = 2.362 ZAR
27 December 2023	1 HKD = 2.389 ZAR
28 December 2023	1 HKD = 2.349 ZAR
29 December 2023	1 HKD = 2.377 ZAR
30 December 2023	1 HKD = 2.341 ZAR
31 December 2023	1 HKD = 2.341 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.

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.

18/05/2005: Removal of Ten Hong Kong Dollars Note

The Hong Kong Monetary Authority announced the removal of the HKD 10 paper note from circulation, encouraging the usage of electronic payment methods and reducing printing costs.

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.

01/07/1997: Hong Kong's Handover to China

Hong Kong was officially handed over to China, marking the end of British colonial rule but maintaining the Hong Kong Dollar as its currency under the 'one country, two systems' principle.

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.

17/10/1991: Linked Exchange Rate System

The Linked Exchange Rate System (LERS) was implemented, establishing a narrow trading range of HKD 7.75 to 7.85 against the U.S. Dollar, backed by stringent measures to maintain stability.

31/12/1983: Joint Declaration on the Future of Hong Kong

The Sino-British Joint Declaration was signed, affirming Hong Kong's return to China in 1997 and ensuring the continuity of the Hong Kong Dollar as its official currency.

01/08/1982: Currency Decimalization

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

22/05/1972: Pegging to the U.S. Dollar

As the British Pound faced pressures in the foreign exchange market, Hong Kong decided to switch the peg to the U.S. Dollar at a rate of HKD 5.65 to USD 1.

14/09/1961: Introduction of the Rand

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

12/09/1935: Pegging to the Sterling

The Hong Kong Dollar was pegged to the British Pound (Sterling) at a fixed exchange rate of HKD 16 to GBP 1, which helped stabilize the currency.

01/01/1863: Introduction of the Hong Kong Dollar

The Hong Kong Dollar was first introduced as an official currency by the British colonial government to facilitate trade and commerce in Hong Kong.

Historic Hong Kong dollar South African rand