Lebanese pound south african rand exchange rate history (LBP ZAR) December 2023

Lebanese pound south african rand history for December 2023. The highest quote for this month is 0.001275 (11/12/2023) and the lowest 0.001265 (10/12/2023). The difference between high and low is 0.78.

LBP ZAR average rate for December 2023 is 0.00124, the change between 01/12/2023 and 31/12/2023 is +1.91 %.

01 December 2023	1 LBP = 0.0013 ZAR
02 December 2023	1 LBP = 0.0012 ZAR
03 December 2023	1 LBP = 0.0012 ZAR
04 December 2023	1 LBP = 0.0012 ZAR
05 December 2023	1 LBP = 0.0012 ZAR
06 December 2023	1 LBP = 0.0013 ZAR
07 December 2023	1 LBP = 0.0013 ZAR
08 December 2023	1 LBP = 0.0013 ZAR
10 December 2023	1 LBP = 0.0013 ZAR
11 December 2023	1 LBP = 0.0013 ZAR
12 December 2023	1 LBP = 0.0013 ZAR
13 December 2023	1 LBP = 0.0013 ZAR
14 December 2023	1 LBP = 0.0012 ZAR
15 December 2023	1 LBP = 0.0012 ZAR
16 December 2023	1 LBP = 0.0012 ZAR
17 December 2023	1 LBP = 0.0012 ZAR
18 December 2023	1 LBP = 0.0012 ZAR
19 December 2023	1 LBP = 0.0012 ZAR
20 December 2023	1 LBP = 0.0012 ZAR
21 December 2023	1 LBP = 0.0012 ZAR
22 December 2023	1 LBP = 0.0012 ZAR
23 December 2023	1 LBP = 0.0012 ZAR
24 December 2023	1 LBP = 0.0012 ZAR
25 December 2023	1 LBP = 0.0012 ZAR
26 December 2023	1 LBP = 0.0012 ZAR
27 December 2023	1 LBP = 0.0012 ZAR
28 December 2023	1 LBP = 0.0012 ZAR
29 December 2023	1 LBP = 0.0012 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.

17/10/2019: Protests against economic crisis

Mass protests erupted in Lebanon due to economic crisis, leading to further depreciation of the Lebanese pound.

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.

03/11/1997: Revaluation of the Lebanese pound

The Lebanese pound was revalued at a rate of 1,500 LBP = 1 USD, ending the fixed exchange rate with the US dollar.

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.

01/01/1986: Introduction of the parallel exchange market

The parallel exchange market was introduced in Lebanon, leading to a diverging exchange rate between the official and unofficial markets.

01/08/1982: Currency Decimalization

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

01/01/1976: Lebanese Civil War

The Lebanese Civil War began, causing significant economic instability and devaluation of the Lebanese pound.

14/09/1961: Introduction of the Rand

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

01/01/1961: Pegged to the US dollar

The Lebanese pound was pegged to the US dollar at an exchange rate of 1 LBP = 1.5 USD.

27/11/1941: Devaluation of the Lebanese pound

The Lebanese pound was devalued by 41.9% following the breakup of the French franc.

01/10/1920: Lebanese pound introduced

The Lebanese pound was introduced at a fixed exchange rate of 1 pound = 20 French francs during the French mandate period.

Historic Lebanese pound South African rand