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.
KWD ZAR January 2024
KWD ZAR February 2024
KWD ZAR March 2024
KWD ZAR April 2024
KWD ZAR May 2024
KWD ZAR June 2024
KWD ZAR July 2024
KWD ZAR August 2024
KWD ZAR September 2024
KWD ZAR October 2024
KWD ZAR November 2024
KWD ZAR December 2024
KWD ZAR January 2025