Macedonian Denar south african rand exchange rate history (MKD ZAR) August 2023

Macedonian Denar south african rand history for August 2023. The highest quote for this month is 0.34713 (15/08/2023) and the lowest 0.34269 (15/08/2023). The difference between high and low is 1.28.

MKD ZAR average rate for August 2023 is 0.33508, the change between 01/08/2023 and 31/08/2023 is -4.02 %.

01 August 2023	1 MKD = 0.3210 ZAR
02 August 2023	1 MKD = 0.3284 ZAR
03 August 2023	1 MKD = 0.3299 ZAR
04 August 2023	1 MKD = 0.3337 ZAR
07 August 2023	1 MKD = 0.3350 ZAR
08 August 2023	1 MKD = 0.3369 ZAR
09 August 2023	1 MKD = 0.3393 ZAR
10 August 2023	1 MKD = 0.3401 ZAR
11 August 2023	1 MKD = 0.3379 ZAR
12 August 2023	1 MKD = 0.3383 ZAR
14 August 2023	1 MKD = 0.3419 ZAR
15 August 2023	1 MKD = 0.3400 ZAR
16 August 2023	1 MKD = 0.3412 ZAR
17 August 2023	1 MKD = 0.3411 ZAR
18 August 2023	1 MKD = 0.3390 ZAR
20 August 2023	1 MKD = 0.3370 ZAR
21 August 2023	1 MKD = 0.3408 ZAR
22 August 2023	1 MKD = 0.3381 ZAR
23 August 2023	1 MKD = 0.3334 ZAR
24 August 2023	1 MKD = 0.3284 ZAR
25 August 2023	1 MKD = 0.3323 ZAR
28 August 2023	1 MKD = 0.3321 ZAR
29 August 2023	1 MKD = 0.3290 ZAR
30 August 2023	1 MKD = 0.3283 ZAR
31 August 2023	1 MKD = 0.3340 ZAR

01/07/2020: Euro as legal tender

North Macedonia officially adopted the Euro as its currency, replacing the Macedonian Denar for all monetary transactions.

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.

15/05/2018: Denar's symbol adoption

The official symbol for the Macedonian Denar (den) was adopted, representing the currency in both domestic and international transactions.

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.

10/10/2005: Denar's full Euro peg

The Macedonian Denar was fully pegged to the Euro at a fixed exchange rate of 61.5 Denars to 1 Euro.

29/04/2003: Replacement of banknotes

New series of banknotes with enhanced security features were introduced, replacing the older versions.

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.

05/11/2001: Denar's devaluation

Due to the political crisis in Macedonia, the Denar underwent a significant devaluation, losing around 40% of its value against the Euro.

15/05/1995: Denar's peg to the German Mark

The Macedonian Denar was pegged to the German Mark at a rate of 1 Denar to 1.5 Deutsche Mark, establishing a stable exchange rate.

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.

26/11/1992: Introduction of the Macedonian Denar

The Macedonian Denar was introduced as the official currency of the Republic of Macedonia following its declaration of independence from Yugoslavia.

01/08/1982: Currency Decimalization

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

14/09/1961: Introduction of the Rand

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

Historic Macedonian Denar South African rand