New Zealand Dollar south african rand exchange rate history (NZD ZAR) October 2023

New Zealand Dollar south african rand history for October 2023. The highest quote for this month is 11.768 (07/10/2023) and the lowest 11.587 (09/10/2023). The difference between high and low is 1.54.

NZD ZAR average rate for October 2023 is 11.23093, the change between 01/10/2023 and 31/10/2023 is +2.83 %.

01 October 2023	1 NZD = 11.32 ZAR
02 October 2023	1 NZD = 11.32 ZAR
03 October 2023	1 NZD = 11.42 ZAR
04 October 2023	1 NZD = 11.41 ZAR
05 October 2023	1 NZD = 11.44 ZAR
06 October 2023	1 NZD = 11.64 ZAR
07 October 2023	1 NZD = 11.56 ZAR
08 October 2023	1 NZD = 11.56 ZAR
09 October 2023	1 NZD = 11.56 ZAR
10 October 2023	1 NZD = 11.54 ZAR
11 October 2023	1 NZD = 11.48 ZAR
12 October 2023	1 NZD = 11.32 ZAR
13 October 2023	1 NZD = 11.26 ZAR
16 October 2023	1 NZD = 11.21 ZAR
17 October 2023	1 NZD = 11.08 ZAR
18 October 2023	1 NZD = 11.08 ZAR
19 October 2023	1 NZD = 11.11 ZAR
20 October 2023	1 NZD = 11.10 ZAR
21 October 2023	1 NZD = 11.01 ZAR
22 October 2023	1 NZD = 11.07 ZAR
23 October 2023	1 NZD = 11.06 ZAR
24 October 2023	1 NZD = 11.09 ZAR
25 October 2023	1 NZD = 11.12 ZAR
26 October 2023	1 NZD = 11.08 ZAR
27 October 2023	1 NZD = 11.04 ZAR
28 October 2023	1 NZD = 10.97 ZAR
29 October 2023	1 NZD = 10.97 ZAR
30 October 2023	1 NZD = 10.90 ZAR
31 October 2023	1 NZD = 11.00 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.

Historic New Zealand Dollar South African rand