Historic Hong Kong dollar South African rand

Hong Kong dollar south african rand history for January 2024. The highest quote for this month is 2.4556 (22/01/2024) and the lowest 2.4316 (20/01/2024). The difference between high and low is 0.98.

HKD ZAR average rate for January 2024 is 2.39862, the change between 01/01/2024 and 31/01/2024 is -2.67 %.

01 January 20241 HKD = 2.340 ZAR
02 January 20241 HKD = 2.343 ZAR
03 January 20241 HKD = 2.374 ZAR
04 January 20241 HKD = 2.392 ZAR
05 January 20241 HKD = 2.393 ZAR
06 January 20241 HKD = 2.391 ZAR
07 January 20241 HKD = 2.391 ZAR
08 January 20241 HKD = 2.390 ZAR
09 January 20241 HKD = 2.378 ZAR
10 January 20241 HKD = 2.385 ZAR
11 January 20241 HKD = 2.383 ZAR
12 January 20241 HKD = 2.385 ZAR
13 January 20241 HKD = 2.379 ZAR
14 January 20241 HKD = 2.379 ZAR
15 January 20241 HKD = 2.379 ZAR
16 January 20241 HKD = 2.384 ZAR
17 January 20241 HKD = 2.423 ZAR
18 January 20241 HKD = 2.439 ZAR
19 January 20241 HKD = 2.419 ZAR
20 January 20241 HKD = 2.432 ZAR
21 January 20241 HKD = 2.432 ZAR
22 January 20241 HKD = 2.432 ZAR
23 January 20241 HKD = 2.455 ZAR
24 January 20241 HKD = 2.418 ZAR
25 January 20241 HKD = 2.415 ZAR
26 January 20241 HKD = 2.415 ZAR
27 January 20241 HKD = 2.403 ZAR
28 January 20241 HKD = 2.403 ZAR
29 January 20241 HKD = 2.401 ZAR
30 January 20241 HKD = 2.403 ZAR
31 January 20241 HKD = 2.402 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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