Historic Maldivian rufiyaa South African rand

Maldivian rufiyaa south african rand history for January 2024. The highest quote for this month is 1.2632 (22/01/2024) and the lowest 1.2495 (22/01/2024). The difference between high and low is 1.08.

MVR ZAR average rate for January 2024 is 1.22687, the change between 01/01/2024 and 31/01/2024 is -2.65 %.

01 January 20241 MVR = 1.200 ZAR
02 January 20241 MVR = 1.200 ZAR
03 January 20241 MVR = 1.217 ZAR
04 January 20241 MVR = 1.226 ZAR
05 January 20241 MVR = 1.224 ZAR
06 January 20241 MVR = 1.211 ZAR
07 January 20241 MVR = 1.211 ZAR
08 January 20241 MVR = 1.224 ZAR
09 January 20241 MVR = 1.217 ZAR
10 January 20241 MVR = 1.222 ZAR
11 January 20241 MVR = 1.223 ZAR
12 January 20241 MVR = 1.223 ZAR
14 January 20241 MVR = 1.207 ZAR
15 January 20241 MVR = 1.220 ZAR
16 January 20241 MVR = 1.223 ZAR
17 January 20241 MVR = 1.243 ZAR
18 January 20241 MVR = 1.250 ZAR
19 January 20241 MVR = 1.240 ZAR
22 January 20241 MVR = 1.247 ZAR
23 January 20241 MVR = 1.259 ZAR
24 January 20241 MVR = 1.240 ZAR
25 January 20241 MVR = 1.238 ZAR
26 January 20241 MVR = 1.242 ZAR
28 January 20241 MVR = 1.218 ZAR
29 January 20241 MVR = 1.234 ZAR
30 January 20241 MVR = 1.235 ZAR
31 January 20241 MVR = 1.231 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.

15/01/2019: Introduction of New Banknotes

New series of banknotes with enhanced security features and improved designs were introduced by the Maldives Monetary Authority.

01/09/2014: Introduction of Polymer Banknotes

Polymer banknotes were introduced in the Maldives, replacing the traditional paper banknotes, enhancing their durability and security features.

01/07/2011: Redenomination of the Rufiyaa

The Maldivian Rufiyaa underwent redenomination, with new banknotes and coins introduced to simplify transactions and reduce the number of zeros.

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.

01/01/2002: Decimalization of the Rufiyaa

The Maldivian Rufiyaa was decimalized, with 100 laari equaling 1 Rufiyaa, replacing the previous system of 1 Rufiyaa equalling 100 lari.

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.

01/09/1983: Introduction of the Maldivian Rufiyaa

The Maldivian Rufiyaa was introduced as the new currency, replacing the Maldivian Rupee at a 1:1 exchange rate.

01/08/1982: Currency Decimalization

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

01/09/1981: Establishment of the Maldives Monetary Authority

The Maldives Monetary Authority (MMA) was established as the central bank of the Maldives, responsible for issuing and managing the currency.

14/09/1961: Introduction of the Rand

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

22/10/1947: Introduction of the Maldivian Rupee

The Maldivian Indian Rupee was adopted as the official currency of the Maldives, replacing the Ceylonese Rupee.
MVR ZAR August 2023
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MVR ZAR January 2024
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