Kuwaiti Dinar south african rand exchange rate history (KWD ZAR) December 2023

Kuwaiti Dinar south african rand history for December 2023. The highest quote for this month is 62.084 (11/12/2023) and the lowest 61.549 (10/12/2023). The difference between high and low is 0.86.

KWD ZAR average rate for December 2023 is 60.42986, the change between 01/12/2023 and 31/12/2023 is +2.63 %.

01 December 2023	1 KWD = 61.10 ZAR
02 December 2023	1 KWD = 60.36 ZAR
04 December 2023	1 KWD = 60.31 ZAR
05 December 2023	1 KWD = 60.94 ZAR
06 December 2023	1 KWD = 61.45 ZAR
07 December 2023	1 KWD = 61.53 ZAR
08 December 2023	1 KWD = 61.11 ZAR
10 December 2023	1 KWD = 61.55 ZAR
11 December 2023	1 KWD = 61.41 ZAR
12 December 2023	1 KWD = 61.92 ZAR
13 December 2023	1 KWD = 61.48 ZAR
14 December 2023	1 KWD = 60.65 ZAR
15 December 2023	1 KWD = 59.64 ZAR
16 December 2023	1 KWD = 59.68 ZAR
17 December 2023	1 KWD = 59.68 ZAR
18 December 2023	1 KWD = 59.55 ZAR
19 December 2023	1 KWD = 60.49 ZAR
20 December 2023	1 KWD = 59.68 ZAR
21 December 2023	1 KWD = 59.44 ZAR
22 December 2023	1 KWD = 59.21 ZAR
23 December 2023	1 KWD = 59.96 ZAR
24 December 2023	1 KWD = 60.03 ZAR
25 December 2023	1 KWD = 60.21 ZAR
26 December 2023	1 KWD = 60.14 ZAR
27 December 2023	1 KWD = 60.69 ZAR
28 December 2023	1 KWD = 59.84 ZAR
29 December 2023	1 KWD = 60.51 ZAR
31 December 2023	1 KWD = 59.49 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.

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.

20/05/2007: Kuwaiti Dinar Redenominated

The Kuwaiti Dinar underwent a redenomination, with the introduction of new banknotes and removal of three zeros from the currency.

20/03/2003: US Invasion of Iraq

The United States and its allies invaded Iraq, leading to a period of uncertainty and affecting the value of the Kuwaiti Dinar.

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.

25/03/1991: Kuwait Liberated

Coalition forces led by the United States liberated Kuwait from Iraqi occupation, restoring stability to the country and its currency.

02/08/1990: Iraqi Invasion of Kuwait

Iraqi forces invaded Kuwait, leading to the Gulf War and causing a significant decline in the value of the Kuwaiti Dinar.

01/08/1982: Currency Decimalization

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

16/09/1980: Iraq-Iran War Begins

The Iraq-Iran War started, leading to economic instability in the region and affecting the value of the Kuwaiti Dinar.

20/10/1975: Kuwait Dinar Pegged to Special Drawing Rights (SDR)

Kuwait pegged its currency to a basket of international currencies known as Special Drawing Rights (SDR) instead of the US Dollar.

14/09/1961: Introduction of the Rand

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

02/01/1961: Kuwaiti Dinar Introduced

The Kuwaiti Dinar (KWD) was officially introduced as the currency of Kuwait, replacing the Gulf Rupee.

Historic Kuwaiti Dinar South African rand