Historic Nicaraguan córdoba South African rand

Nicaraguan córdoba south african rand history for February 2024. The highest quote for this month is 0.53204 (26/02/2024) and the lowest 0.52965 (26/02/2024). The difference between high and low is 0.45.

NIO ZAR average rate for February 2024 is 0.51978, the change between 01/02/2024 and 29/02/2024 is -4.17 %.

01 February 20241 NIO = 0.5095 ZAR
02 February 20241 NIO = 0.5085 ZAR
03 February 20241 NIO = 0.5160 ZAR
04 February 20241 NIO = 0.5156 ZAR
05 February 20241 NIO = 0.5170 ZAR
06 February 20241 NIO = 0.5258 ZAR
07 February 20241 NIO = 0.5156 ZAR
08 February 20241 NIO = 0.5171 ZAR
09 February 20241 NIO = 0.5192 ZAR
10 February 20241 NIO = 0.5193 ZAR
11 February 20241 NIO = 0.5199 ZAR
12 February 20241 NIO = 0.5227 ZAR
13 February 20241 NIO = 0.5178 ZAR
14 February 20241 NIO = 0.5222 ZAR
15 February 20241 NIO = 0.5206 ZAR
16 February 20241 NIO = 0.5185 ZAR
17 February 20241 NIO = 0.5145 ZAR
18 February 20241 NIO = 0.5145 ZAR
19 February 20241 NIO = 0.5180 ZAR
20 February 20241 NIO = 0.5212 ZAR
21 February 20241 NIO = 0.5173 ZAR
22 February 20241 NIO = 0.5163 ZAR
23 February 20241 NIO = 0.5225 ZAR
24 February 20241 NIO = 0.5263 ZAR
25 February 20241 NIO = 0.5271 ZAR
26 February 20241 NIO = 0.5317 ZAR
27 February 20241 NIO = 0.5264 ZAR
28 February 20241 NIO = 0.5220 ZAR
29 February 20241 NIO = 0.5308 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.

20/11/2009: Resumption of issuing Córdoba coins

The Central Bank resumed issuing córdoba coins, reintroducing denominations of 10, 25, and 50 centavos, and 1 córdoba.

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.

01/01/2001: Dollarization

Nicaragua adopted the US dollar as its official currency, effectively ending the era of the Nicaraguan córdoba as the national 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.

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.

04/07/1991: Currency control and unification

The government implemented currency control measures, unifying the exchange rate at 5 córdobas oro per US dollar.

25/04/1991: Córdoba Oro becomes legal tender

The Córdoba Oro was declared as the only legal tender in Nicaragua, replacing the old cordoba.

01/02/1988: Introduction of the Córdoba Oro Currencies

The government introduced the Córdoba Oro as a new currency, replacing the previous currency, with an initial rate of 1 córdoba oro = 1,000 córdobas.

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.

01/03/1932: Córdoba de Oro established

The Córdoba de Oro was introduced, replacing the previous córdoba at a rate of 10,000 to 1.

20/10/1912: Introduction of the Nicaraguan córdoba

The Nicaraguan córdoba was introduced as the official currency of Nicaragua, replacing the peso at a rate of 12.5 córdobas per US dollar.
NIO ZAR January 2024
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