Historic Moldovan Leu South African rand

Moldovan Leu south african rand history for February 2024. The highest quote for this month is 1.1029 (29/02/2024) and the lowest 1.0938 (26/02/2024). The difference between high and low is 0.83.

MDL ZAR average rate for February 2024 is 1.07798, the change between 01/02/2024 and 29/02/2024 is -3.21 %.

01 February 20241 MDL = 1.066 ZAR
02 February 20241 MDL = 1.058 ZAR
03 February 20241 MDL = 1.071 ZAR
04 February 20241 MDL = 1.070 ZAR
05 February 20241 MDL = 1.068 ZAR
06 February 20241 MDL = 1.085 ZAR
07 February 20241 MDL = 1.072 ZAR
08 February 20241 MDL = 1.078 ZAR
09 February 20241 MDL = 1.080 ZAR
12 February 20241 MDL = 1.082 ZAR
13 February 20241 MDL = 1.080 ZAR
14 February 20241 MDL = 1.090 ZAR
15 February 20241 MDL = 1.085 ZAR
16 February 20241 MDL = 1.078 ZAR
17 February 20241 MDL = 1.061 ZAR
18 February 20241 MDL = 1.061 ZAR
19 February 20241 MDL = 1.069 ZAR
20 February 20241 MDL = 1.076 ZAR
21 February 20241 MDL = 1.072 ZAR
22 February 20241 MDL = 1.070 ZAR
23 February 20241 MDL = 1.086 ZAR
24 February 20241 MDL = 1.085 ZAR
25 February 20241 MDL = 1.087 ZAR
26 February 20241 MDL = 1.096 ZAR
27 February 20241 MDL = 1.092 ZAR
28 February 20241 MDL = 1.089 ZAR
29 February 20241 MDL = 1.100 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.

04/06/2018: Introduction of New Banknotes

Moldova introduced a new series of banknotes with enhanced security features to combat counterfeiting.

01/07/2015: Currency Pegged to Euro

Moldova pegged its currency, the Leu, to the Euro at a fixed exchange rate to stabilize the economy and attract foreign investment.

10/05/2010: Euro as Legal Tender

Moldova adopted the Euro as its official currency, though it is not a member of the Eurozone.

29/04/2009: Revaluation

Moldova carried out a currency revaluation, changing the exchange rate from 10,000 old Lei to 1 new Leu.

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.

29/10/1999: Introduction of Polymer Banknotes

Polymer banknotes were introduced in Moldova, increasing security and durability of the currency.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

29/05/1994: Redenomination

Moldova underwent a redenomination process, where 1000 old Lei were exchanged for 1 new Leu to combat hyperinflation.

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: Declaration of Independence

The Moldovan Leu was introduced as the official currency of Moldova after the country declared independence from the Soviet Union.

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.
MDL ZAR August 2023
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