Historic Kuwaiti Dinar South African rand

Kuwaiti Dinar south african rand history for January 2024. The highest quote for this month is 62.437 (23/01/2024) and the lowest 61.839 (22/01/2024). The difference between high and low is 0.96.

KWD ZAR average rate for January 2024 is 60.99144, the change between 01/01/2024 and 31/01/2024 is -2.66 %.

01 January 20241 KWD = 59.55 ZAR
02 January 20241 KWD = 59.65 ZAR
03 January 20241 KWD = 60.45 ZAR
04 January 20241 KWD = 60.82 ZAR
05 January 20241 KWD = 60.86 ZAR
06 January 20241 KWD = 60.71 ZAR
07 January 20241 KWD = 60.71 ZAR
08 January 20241 KWD = 60.81 ZAR
09 January 20241 KWD = 60.49 ZAR
10 January 20241 KWD = 60.72 ZAR
11 January 20241 KWD = 60.69 ZAR
12 January 20241 KWD = 60.77 ZAR
14 January 20241 KWD = 60.57 ZAR
15 January 20241 KWD = 60.64 ZAR
16 January 20241 KWD = 60.78 ZAR
17 January 20241 KWD = 61.71 ZAR
18 January 20241 KWD = 62.06 ZAR
19 January 20241 KWD = 61.57 ZAR
22 January 20241 KWD = 61.85 ZAR
23 January 20241 KWD = 62.47 ZAR
24 January 20241 KWD = 61.57 ZAR
25 January 20241 KWD = 61.46 ZAR
26 January 20241 KWD = 61.46 ZAR
28 January 20241 KWD = 61.05 ZAR
29 January 20241 KWD = 61.07 ZAR
30 January 20241 KWD = 61.14 ZAR
31 January 20241 KWD = 61.14 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 July 2023
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KWD ZAR January 2024
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