Historic Macedonian Denar South African rand

Macedonian Denar south african rand history for February 2024. The highest quote for this month is 0.34289 (23/02/2024) and the lowest 0.3434 (26/02/2024). The difference between high and low is -0.15.

MKD ZAR average rate for February 2024 is 0.3351, the change between 01/02/2024 and 29/02/2024 is -3.68 %.

01 February 20241 MKD = 0.3291 ZAR
02 February 20241 MKD = 0.3300 ZAR
03 February 20241 MKD = 0.3330 ZAR
04 February 20241 MKD = 0.3327 ZAR
05 February 20241 MKD = 0.3365 ZAR
06 February 20241 MKD = 0.3351 ZAR
07 February 20241 MKD = 0.3309 ZAR
08 February 20241 MKD = 0.3334 ZAR
09 February 20241 MKD = 0.3342 ZAR
12 February 20241 MKD = 0.3375 ZAR
13 February 20241 MKD = 0.3333 ZAR
14 February 20241 MKD = 0.3341 ZAR
15 February 20241 MKD = 0.3343 ZAR
16 February 20241 MKD = 0.3336 ZAR
17 February 20241 MKD = 0.3304 ZAR
18 February 20241 MKD = 0.3304 ZAR
19 February 20241 MKD = 0.3317 ZAR
20 February 20241 MKD = 0.3338 ZAR
21 February 20241 MKD = 0.3368 ZAR
22 February 20241 MKD = 0.3342 ZAR
23 February 20241 MKD = 0.3387 ZAR
24 February 20241 MKD = 0.3393 ZAR
25 February 20241 MKD = 0.3398 ZAR
26 February 20241 MKD = 0.3451 ZAR
27 February 20241 MKD = 0.3408 ZAR
28 February 20241 MKD = 0.3381 ZAR
29 February 20241 MKD = 0.3412 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.
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