Iranian Rial south african rand exchange rate history (IRR ZAR) October 2023

Iranian Rial south african rand history for October 2023. The highest quote for this month is 0.000468 (07/10/2023) and the lowest 0.000459 (09/10/2023). The difference between high and low is 1.92.

IRR ZAR average rate for October 2023 is 0.00045, the change between 01/10/2023 and 31/10/2023 is +0.22 %.

01 October 2023	1 IRR = 0.0004 ZAR
02 October 2023	1 IRR = 0.0005 ZAR
03 October 2023	1 IRR = 0.0005 ZAR
04 October 2023	1 IRR = 0.0005 ZAR
05 October 2023	1 IRR = 0.0005 ZAR
06 October 2023	1 IRR = 0.0005 ZAR
07 October 2023	1 IRR = 0.0005 ZAR
09 October 2023	1 IRR = 0.0005 ZAR
10 October 2023	1 IRR = 0.0005 ZAR
11 October 2023	1 IRR = 0.0005 ZAR
12 October 2023	1 IRR = 0.0004 ZAR
13 October 2023	1 IRR = 0.0005 ZAR
16 October 2023	1 IRR = 0.0005 ZAR
17 October 2023	1 IRR = 0.0004 ZAR
18 October 2023	1 IRR = 0.0004 ZAR
19 October 2023	1 IRR = 0.0005 ZAR
20 October 2023	1 IRR = 0.0005 ZAR
21 October 2023	1 IRR = 0.0005 ZAR
22 October 2023	1 IRR = 0.0005 ZAR
23 October 2023	1 IRR = 0.0005 ZAR
24 October 2023	1 IRR = 0.0005 ZAR
25 October 2023	1 IRR = 0.0005 ZAR
26 October 2023	1 IRR = 0.0005 ZAR
27 October 2023	1 IRR = 0.0005 ZAR
29 October 2023	1 IRR = 0.0004 ZAR
30 October 2023	1 IRR = 0.0004 ZAR
31 October 2023	1 IRR = 0.0004 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.

23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial

The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.

10/04/2018: Revaluation of the Iranian Rial

Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.

24/09/2012: Imposition of International Sanctions on Iran

International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).

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.

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.

24/05/1989: Introduction of the Two-Tier Exchange Rate System

Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.

01/08/1982: Currency Decimalization

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

26/10/1975: Floating of the Iranian Rial

The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.

14/09/1961: Introduction of the Rand

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

01/09/1957: Decimalization of the Iranian Rial

The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.

01/04/1932: Introduction of the Iranian Rial

The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.

Historic Iranian Rial South African rand