Historic Hong Kong dollar South African rand

Hong Kong dollar south african rand history for February 2024. The highest quote for this month is 2.4767 (23/02/2024) and the lowest 2.4639 (24/02/2024). The difference between high and low is 0.52.

HKD ZAR average rate for February 2024 is 2.42656, the change between 01/02/2024 and 29/02/2024 is -3.3 %.

01 February 20241 HKD = 2.381 ZAR
02 February 20241 HKD = 2.374 ZAR
03 February 20241 HKD = 2.417 ZAR
04 February 20241 HKD = 2.415 ZAR
05 February 20241 HKD = 2.414 ZAR
06 February 20241 HKD = 2.435 ZAR
07 February 20241 HKD = 2.406 ZAR
08 February 20241 HKD = 2.417 ZAR
09 February 20241 HKD = 2.425 ZAR
10 February 20241 HKD = 2.432 ZAR
11 February 20241 HKD = 2.435 ZAR
12 February 20241 HKD = 2.427 ZAR
13 February 20241 HKD = 2.417 ZAR
14 February 20241 HKD = 2.440 ZAR
15 February 20241 HKD = 2.434 ZAR
16 February 20241 HKD = 2.422 ZAR
17 February 20241 HKD = 2.409 ZAR
18 February 20241 HKD = 2.409 ZAR
19 February 20241 HKD = 2.407 ZAR
20 February 20241 HKD = 2.422 ZAR
21 February 20241 HKD = 2.417 ZAR
22 February 20241 HKD = 2.416 ZAR
23 February 20241 HKD = 2.448 ZAR
24 February 20241 HKD = 2.464 ZAR
25 February 20241 HKD = 2.468 ZAR
26 February 20241 HKD = 2.468 ZAR
27 February 20241 HKD = 2.456 ZAR
28 February 20241 HKD = 2.437 ZAR
29 February 20241 HKD = 2.460 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.
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