Historic Indonesian Rupiah South African rand

Indonesian Rupiah south african rand history for January 2024. The highest quote for this month is 0.001225 (17/01/2024) and the lowest 0.001293 (05/01/2024). The difference between high and low is -5.55.

IDR ZAR average rate for January 2024 is 0.0012, the change between 01/01/2024 and 31/01/2024 is -0.17 %.

01 January 20241 IDR = 0.0012 ZAR
02 January 20241 IDR = 0.0012 ZAR
03 January 20241 IDR = 0.0012 ZAR
04 January 20241 IDR = 0.0012 ZAR
05 January 20241 IDR = 0.0012 ZAR
06 January 20241 IDR = 0.0012 ZAR
07 January 20241 IDR = 0.0012 ZAR
08 January 20241 IDR = 0.0012 ZAR
09 January 20241 IDR = 0.0012 ZAR
10 January 20241 IDR = 0.0012 ZAR
11 January 20241 IDR = 0.0012 ZAR
12 January 20241 IDR = 0.0012 ZAR
13 January 20241 IDR = 0.0012 ZAR
14 January 20241 IDR = 0.0012 ZAR
15 January 20241 IDR = 0.0012 ZAR
16 January 20241 IDR = 0.0012 ZAR
17 January 20241 IDR = 0.0012 ZAR
18 January 20241 IDR = 0.0012 ZAR
19 January 20241 IDR = 0.0012 ZAR
22 January 20241 IDR = 0.0012 ZAR
23 January 20241 IDR = 0.0012 ZAR
24 January 20241 IDR = 0.0012 ZAR
25 January 20241 IDR = 0.0012 ZAR
26 January 20241 IDR = 0.0012 ZAR
28 January 20241 IDR = 0.0012 ZAR
29 January 20241 IDR = 0.0012 ZAR
30 January 20241 IDR = 0.0012 ZAR
31 January 20241 IDR = 0.0012 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.

04/03/2020: Rupiah Hits Lowest Point

The Rupiah reached its weakest level against the US dollar since the 1998 financial crisis, reflecting global economic uncertainty and the impact of the COVID-19 pandemic.

27/07/2015: New Banknotes and Coins

The Bank of Indonesia introduced a new series of banknotes and coins with enhanced security features and updated designs to commemorate the country's achievements.

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.

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.

20/05/1998: Revaluation of Rupiah

As a response to the financial crisis, the Indonesian government revalued the Rupiah by removing three zeros from the currency, aiming to stabilize its value.

01/07/1997: Asian Financial Crisis

Indonesia, along with other Southeast Asian nations, experienced a severe currency crisis as the Rupiah plummeted in value against the US dollar, leading to economic turmoil.

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.

01/08/1982: Currency Decimalization

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

29/11/1965: New Rupiah Symbol

The official symbol for the Rupiah (Rp) was introduced, replacing the previous abbreviation of 'Rp.' This symbol is still in use today.

14/09/1961: Introduction of the Rand

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

31/05/1952: Currency Exchange Law

The Currency Exchange Law was enacted, establishing a fixed exchange rate for the Rupiah against the Dutch guilder, marking a significant milestone in the currency's stability.

26/12/1949: Independence of Indonesia

Following Indonesia's independence from the Netherlands, the Rupiah was introduced as the official currency of the newly formed republic.
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