Historic New Zealand Dollar South African rand

New Zealand Dollar south african rand history for February 2024. The highest quote for this month is 11.979 (23/02/2024) and the lowest 11.959 (25/02/2024). The difference between high and low is 0.17.

NZD ZAR average rate for February 2024 is 11.63317, the change between 01/02/2024 and 29/02/2024 is -3.19 %.

01 February 20241 NZD = 11.38 ZAR
02 February 20241 NZD = 11.41 ZAR
03 February 20241 NZD = 11.47 ZAR
04 February 20241 NZD = 11.46 ZAR
05 February 20241 NZD = 11.45 ZAR
06 February 20241 NZD = 11.53 ZAR
07 February 20241 NZD = 11.48 ZAR
08 February 20241 NZD = 11.55 ZAR
09 February 20241 NZD = 11.59 ZAR
10 February 20241 NZD = 11.70 ZAR
11 February 20241 NZD = 11.70 ZAR
12 February 20241 NZD = 11.67 ZAR
13 February 20241 NZD = 11.58 ZAR
14 February 20241 NZD = 11.56 ZAR
15 February 20241 NZD = 11.59 ZAR
16 February 20241 NZD = 11.57 ZAR
17 February 20241 NZD = 11.54 ZAR
18 February 20241 NZD = 11.55 ZAR
19 February 20241 NZD = 11.55 ZAR
20 February 20241 NZD = 11.63 ZAR
21 February 20241 NZD = 11.66 ZAR
22 February 20241 NZD = 11.68 ZAR
23 February 20241 NZD = 11.86 ZAR
24 February 20241 NZD = 11.95 ZAR
25 February 20241 NZD = 11.97 ZAR
26 February 20241 NZD = 11.94 ZAR
27 February 20241 NZD = 11.85 ZAR
28 February 20241 NZD = 11.77 ZAR
29 February 20241 NZD = 11.74 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.

20/03/2020: COVID-19 Pandemic Effects

The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.

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.

10/10/2008: Global Financial Crisis Hits New Zealand

New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.

10/07/2005: Polymer Banknotes Introduced

New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.

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.

05/10/1987: Black Monday Stock Market Crash

Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.

04/03/1985: Floating Exchange Rate Introduced

New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.

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.

10/07/1961: Decimalization of Currency

New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.

19/10/1933: New Zealand Pound Pegged to the British Pound

New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.
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