Hungarian forint south african rand exchange rate history (HUF ZAR) October 2023

Hungarian forint south african rand history for October 2023. The highest quote for this month is 0.053181 (05/10/2023) and the lowest 0.052922 (07/10/2023). The difference between high and low is 0.49.

HUF ZAR average rate for October 2023 is 0.05215, the change between 01/10/2023 and 31/10/2023 is -1.93 %.

01 October 2023	1 HUF = 0.0513 ZAR
02 October 2023	1 HUF = 0.0512 ZAR
03 October 2023	1 HUF = 0.0518 ZAR
04 October 2023	1 HUF = 0.0519 ZAR
05 October 2023	1 HUF = 0.0525 ZAR
06 October 2023	1 HUF = 0.0531 ZAR
07 October 2023	1 HUF = 0.0528 ZAR
09 October 2023	1 HUF = 0.0529 ZAR
10 October 2023	1 HUF = 0.0521 ZAR
11 October 2023	1 HUF = 0.0520 ZAR
12 October 2023	1 HUF = 0.0517 ZAR
13 October 2023	1 HUF = 0.0517 ZAR
16 October 2023	1 HUF = 0.0515 ZAR
17 October 2023	1 HUF = 0.0513 ZAR
18 October 2023	1 HUF = 0.0517 ZAR
19 October 2023	1 HUF = 0.0521 ZAR
20 October 2023	1 HUF = 0.0526 ZAR
21 October 2023	1 HUF = 0.0524 ZAR
22 October 2023	1 HUF = 0.0527 ZAR
23 October 2023	1 HUF = 0.0526 ZAR
24 October 2023	1 HUF = 0.0530 ZAR
25 October 2023	1 HUF = 0.0526 ZAR
26 October 2023	1 HUF = 0.0526 ZAR
27 October 2023	1 HUF = 0.0523 ZAR
28 October 2023	1 HUF = 0.0520 ZAR
29 October 2023	1 HUF = 0.0520 ZAR
30 October 2023	1 HUF = 0.0517 ZAR
31 October 2023	1 HUF = 0.0523 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.

Historic Hungarian forint South African rand