Mexican peso south african rand exchange rate history (MXN ZAR) December 2023

Mexican peso south african rand history for December 2023. The highest quote for this month is 1.1023 (26/12/2023) and the lowest 1.095 (10/12/2023). The difference between high and low is 0.66.

MXN ZAR average rate for December 2023 is 1.08222, the change between 01/12/2023 and 31/12/2023 is +0.6 %.

01 December 2023	1 MXN = 1.084 ZAR
02 December 2023	1 MXN = 1.085 ZAR
03 December 2023	1 MXN = 1.085 ZAR
04 December 2023	1 MXN = 1.081 ZAR
05 December 2023	1 MXN = 1.077 ZAR
06 December 2023	1 MXN = 1.092 ZAR
07 December 2023	1 MXN = 1.097 ZAR
08 December 2023	1 MXN = 1.076 ZAR
10 December 2023	1 MXN = 1.095 ZAR
11 December 2023	1 MXN = 1.090 ZAR
12 December 2023	1 MXN = 1.098 ZAR
13 December 2023	1 MXN = 1.094 ZAR
14 December 2023	1 MXN = 1.081 ZAR
15 December 2023	1 MXN = 1.065 ZAR
16 December 2023	1 MXN = 1.067 ZAR
17 December 2023	1 MXN = 1.064 ZAR
18 December 2023	1 MXN = 1.062 ZAR
19 December 2023	1 MXN = 1.082 ZAR
20 December 2023	1 MXN = 1.074 ZAR
21 December 2023	1 MXN = 1.065 ZAR
22 December 2023	1 MXN = 1.067 ZAR
23 December 2023	1 MXN = 1.087 ZAR
24 December 2023	1 MXN = 1.085 ZAR
25 December 2023	1 MXN = 1.088 ZAR
26 December 2023	1 MXN = 1.087 ZAR
27 December 2023	1 MXN = 1.099 ZAR
28 December 2023	1 MXN = 1.085 ZAR
29 December 2023	1 MXN = 1.095 ZAR
31 December 2023	1 MXN = 1.078 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.

20/06/2012: Mexican Peso Becomes the Most Traded Emerging Market Currency

The Mexican peso surpassed the Brazilian real to become the most traded currency among emerging markets, reflecting Mexico's growing economic importance.

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.

01/01/2003: Introduction of the New Peso Symbol

The Mexican peso adopted a new symbol, replacing the old symbol (₱) with a capital 'P' with double horizontal lines (MXN) to symbolize the currency.

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.

20/12/1994: Tequila Crisis

Mexico experienced a severe economic crisis and an abrupt devaluation of the peso as a result of the devaluation of the Thai baht, causing investors to flee emerging markets.

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.

01/01/1993: Implementation of the North American Free Trade Agreement (NAFTA)

NAFTA came into effect, promoting trade and investment between Mexico, the United States, and Canada, leading to increased stability and growth in the Mexican economy.

06/07/1988: Introduction of the New Peso

Due to hyperinflation and currency devaluation, Mexico introduced a new currency, called the New Peso, where 1000 old pesos were replaced by 1 new peso.

12/08/1982: Mexican Debt Crisis

Mexico defaulted on its external debt, leading to a sharp devaluation of the peso and a severe economic crisis, requiring an emergency loan from the International Monetary Fund (IMF).

01/08/1982: Currency Decimalization

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

13/08/1970: Devaluation of the Peso

In response to global inflation, the Mexican government devalued the peso by 20% against the US dollar, leading to economic instability and a decline in purchasing power.

14/09/1961: Introduction of the Rand

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

Historic Mexican peso South African rand