Historic Kuwaiti Dinar South African rand

Kuwaiti Dinar south african rand history for February 2024. The highest quote for this month is 62.982 (23/02/2024) and the lowest 62.687 (24/02/2024). The difference between high and low is 0.47.

KWD ZAR average rate for February 2024 is 61.72993, the change between 01/02/2024 and 29/02/2024 is -3.39 %.

01 February 20241 KWD = 60.63 ZAR
02 February 20241 KWD = 60.47 ZAR
03 February 20241 KWD = 61.52 ZAR
04 February 20241 KWD = 61.47 ZAR
05 February 20241 KWD = 61.49 ZAR
06 February 20241 KWD = 61.98 ZAR
07 February 20241 KWD = 61.23 ZAR
08 February 20241 KWD = 61.48 ZAR
09 February 20241 KWD = 61.68 ZAR
12 February 20241 KWD = 61.73 ZAR
13 February 20241 KWD = 61.48 ZAR
14 February 20241 KWD = 62.00 ZAR
15 February 20241 KWD = 61.83 ZAR
16 February 20241 KWD = 61.60 ZAR
17 February 20241 KWD = 61.18 ZAR
18 February 20241 KWD = 61.18 ZAR
19 February 20241 KWD = 61.23 ZAR
20 February 20241 KWD = 61.60 ZAR
21 February 20241 KWD = 61.53 ZAR
22 February 20241 KWD = 61.51 ZAR
23 February 20241 KWD = 62.31 ZAR
24 February 20241 KWD = 62.69 ZAR
25 February 20241 KWD = 62.78 ZAR
26 February 20241 KWD = 62.84 ZAR
27 February 20241 KWD = 62.54 ZAR
28 February 20241 KWD = 62.08 ZAR
29 February 20241 KWD = 62.68 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.
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