Historic Hungarian forint South African rand

Hungarian forint south african rand history for January 2024. The highest quote for this month is 0.054507 (17/01/2024) and the lowest 0.05447 (06/01/2024). The difference between high and low is 0.07.

HUF ZAR average rate for January 2024 is 0.0536, the change between 01/01/2024 and 31/01/2024 is +0.1 %.

01 January 20241 HUF = 0.0528 ZAR
02 January 20241 HUF = 0.0528 ZAR
03 January 20241 HUF = 0.0532 ZAR
04 January 20241 HUF = 0.0537 ZAR
05 January 20241 HUF = 0.0540 ZAR
06 January 20241 HUF = 0.0541 ZAR
07 January 20241 HUF = 0.0541 ZAR
08 January 20241 HUF = 0.0541 ZAR
09 January 20241 HUF = 0.0538 ZAR
10 January 20241 HUF = 0.0538 ZAR
11 January 20241 HUF = 0.0541 ZAR
12 January 20241 HUF = 0.0540 ZAR
14 January 20241 HUF = 0.0538 ZAR
15 January 20241 HUF = 0.0537 ZAR
16 January 20241 HUF = 0.0539 ZAR
17 January 20241 HUF = 0.0544 ZAR
18 January 20241 HUF = 0.0546 ZAR
19 January 20241 HUF = 0.0538 ZAR
22 January 20241 HUF = 0.0542 ZAR
23 January 20241 HUF = 0.0545 ZAR
24 January 20241 HUF = 0.0532 ZAR
25 January 20241 HUF = 0.0531 ZAR
26 January 20241 HUF = 0.0532 ZAR
28 January 20241 HUF = 0.0526 ZAR
29 January 20241 HUF = 0.0524 ZAR
30 January 20241 HUF = 0.0523 ZAR
31 January 20241 HUF = 0.0527 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.

09/03/2012: Introduction of New Banknotes

Hungary introduced new banknotes with enhanced security features, aiming to combat counterfeiting and improve the forint's credibility.

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.

23/10/2008: Global Financial Crisis

The global financial crisis had a significant impact on the Hungarian forint, resulting in a significant depreciation against major foreign currencies.

01/05/2004: Accession to the European Union

Hungary joined the European Union, bringing the forint closer to the eurozone and influencing its future trajectory as an EU currency.

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.

28/02/2001: Currency Exchange Rate Stability

The Hungarian government adopted a policy of maintaining a stable exchange rate for the forint against the euro, contributing to the currency's stability.

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.

16/06/1989: Transition to a Market Economy

Hungary implemented economic reforms, including the transition from a planned economy to a market economy, with significant impacts on the forint's value and exchange rate.

01/08/1982: Currency Decimalization

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

14/09/1961: Introduction of the Rand

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

20/08/1949: Forint becomes a planned economy currency

Hungary's currency, including the forint, became part of the planned socialist economy under the control of the Hungarian Workers' Party.

03/08/1946: Introduction of the Forint

The forint was introduced as the official currency of Hungary, replacing the previous pengő, which had been severely devalued during World War II.
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