Historic Indian Rupee South African rand

Indian Rupee south african rand history for February 2024. The highest quote for this month is 0.23364 (23/02/2024) and the lowest 0.2327 (24/02/2024). The difference between high and low is 0.4.

INR ZAR average rate for February 2024 is 0.22872, the change between 01/02/2024 and 29/02/2024 is -3.61 %.

01 February 20241 INR = 0.2241 ZAR
02 February 20241 INR = 0.2239 ZAR
03 February 20241 INR = 0.2279 ZAR
04 February 20241 INR = 0.2276 ZAR
05 February 20241 INR = 0.2275 ZAR
06 February 20241 INR = 0.2292 ZAR
07 February 20241 INR = 0.2265 ZAR
08 February 20241 INR = 0.2277 ZAR
09 February 20241 INR = 0.2286 ZAR
10 February 20241 INR = 0.2291 ZAR
12 February 20241 INR = 0.2286 ZAR
13 February 20241 INR = 0.2277 ZAR
14 February 20241 INR = 0.2296 ZAR
15 February 20241 INR = 0.2291 ZAR
16 February 20241 INR = 0.2282 ZAR
17 February 20241 INR = 0.2270 ZAR
18 February 20241 INR = 0.2270 ZAR
19 February 20241 INR = 0.2268 ZAR
20 February 20241 INR = 0.2281 ZAR
21 February 20241 INR = 0.2283 ZAR
22 February 20241 INR = 0.2278 ZAR
23 February 20241 INR = 0.2311 ZAR
24 February 20241 INR = 0.2327 ZAR
25 February 20241 INR = 0.2330 ZAR
26 February 20241 INR = 0.2329 ZAR
27 February 20241 INR = 0.2319 ZAR
28 February 20241 INR = 0.2299 ZAR
29 February 20241 INR = 0.2322 ZAR

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

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.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

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.

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

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.

01/01/1995: 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.

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

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.

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.
INR ZAR January 2024
INR ZAR February 2024
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