Historic New Zealand Dollar South African rand

New Zealand Dollar south african rand history for January 2024. The highest quote for this month is 11.716 (03/01/2024) and the lowest 11.689 (04/01/2024). The difference between high and low is 0.23.

NZD ZAR average rate for January 2024 is 11.58932, the change between 01/01/2024 and 31/01/2024 is +0.27 %.

01 January 20241 NZD = 11.55 ZAR
02 January 20241 NZD = 11.56 ZAR
03 January 20241 NZD = 11.60 ZAR
04 January 20241 NZD = 11.67 ZAR
05 January 20241 NZD = 11.64 ZAR
06 January 20241 NZD = 11.66 ZAR
07 January 20241 NZD = 11.68 ZAR
08 January 20241 NZD = 11.67 ZAR
09 January 20241 NZD = 11.61 ZAR
10 January 20241 NZD = 11.63 ZAR
11 January 20241 NZD = 11.61 ZAR
12 January 20241 NZD = 11.64 ZAR
13 January 20241 NZD = 11.62 ZAR
14 January 20241 NZD = 11.62 ZAR
15 January 20241 NZD = 11.60 ZAR
16 January 20241 NZD = 11.55 ZAR
17 January 20241 NZD = 11.64 ZAR
18 January 20241 NZD = 11.66 ZAR
19 January 20241 NZD = 11.58 ZAR
20 January 20241 NZD = 11.62 ZAR
21 January 20241 NZD = 11.63 ZAR
22 January 20241 NZD = 11.63 ZAR
23 January 20241 NZD = 11.66 ZAR
24 January 20241 NZD = 11.54 ZAR
25 January 20241 NZD = 11.53 ZAR
26 January 20241 NZD = 11.53 ZAR
27 January 20241 NZD = 11.44 ZAR
28 January 20241 NZD = 11.45 ZAR
29 January 20241 NZD = 11.43 ZAR
30 January 20241 NZD = 11.52 ZAR
31 January 20241 NZD = 11.52 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.
NZD ZAR January 2024
NZD ZAR February 2024
NZD ZAR March 2024
NZD ZAR April 2024
NZD ZAR May 2024
NZD ZAR June 2024
NZD ZAR July 2024
NZD ZAR August 2024
NZD ZAR September 2024
NZD ZAR October 2024
NZD ZAR November 2024
NZD ZAR December 2024
NZD ZAR January 2025