Historic Indian Rupee South African rand

Indian Rupee south african rand history for January 2024. The highest quote for this month is 0.2309 (23/01/2024) and the lowest 0.23288 (23/01/2024). The difference between high and low is -0.86.

INR ZAR average rate for January 2024 is 0.22534, the change between 01/01/2024 and 31/01/2024 is -2.96 %.

01 January 20241 INR = 0.2195 ZAR
02 January 20241 INR = 0.2200 ZAR
03 January 20241 INR = 0.2229 ZAR
04 January 20241 INR = 0.2241 ZAR
05 January 20241 INR = 0.2245 ZAR
06 January 20241 INR = 0.2246 ZAR
07 January 20241 INR = 0.2248 ZAR
08 January 20241 INR = 0.2244 ZAR
09 January 20241 INR = 0.2235 ZAR
10 January 20241 INR = 0.2242 ZAR
11 January 20241 INR = 0.2244 ZAR
12 January 20241 INR = 0.2244 ZAR
13 January 20241 INR = 0.2244 ZAR
14 January 20241 INR = 0.2246 ZAR
15 January 20241 INR = 0.2245 ZAR
16 January 20241 INR = 0.2251 ZAR
17 January 20241 INR = 0.2282 ZAR
18 January 20241 INR = 0.2294 ZAR
19 January 20241 INR = 0.2275 ZAR
22 January 20241 INR = 0.2287 ZAR
23 January 20241 INR = 0.2310 ZAR
24 January 20241 INR = 0.2273 ZAR
25 January 20241 INR = 0.2272 ZAR
26 January 20241 INR = 0.2271 ZAR
28 January 20241 INR = 0.2260 ZAR
29 January 20241 INR = 0.2257 ZAR
30 January 20241 INR = 0.2258 ZAR
31 January 20241 INR = 0.2260 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
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