Historic Nicaraguan córdoba South African rand

Nicaraguan córdoba south african rand history for January 2024. The highest quote for this month is 0.52974 (17/01/2024) and the lowest 0.52591 (22/01/2024). The difference between high and low is 0.72.

NIO ZAR average rate for January 2024 is 0.51499, the change between 01/01/2024 and 31/01/2024 is -1.86 %.

01 January 20241 NIO = 0.5044 ZAR
02 January 20241 NIO = 0.5048 ZAR
03 January 20241 NIO = 0.5081 ZAR
04 January 20241 NIO = 0.5113 ZAR
05 January 20241 NIO = 0.5171 ZAR
06 January 20241 NIO = 0.5099 ZAR
07 January 20241 NIO = 0.5099 ZAR
08 January 20241 NIO = 0.5177 ZAR
09 January 20241 NIO = 0.5086 ZAR
10 January 20241 NIO = 0.5159 ZAR
11 January 20241 NIO = 0.5153 ZAR
12 January 20241 NIO = 0.5155 ZAR
13 January 20241 NIO = 0.5080 ZAR
14 January 20241 NIO = 0.5080 ZAR
15 January 20241 NIO = 0.5152 ZAR
16 January 20241 NIO = 0.5163 ZAR
17 January 20241 NIO = 0.5236 ZAR
18 January 20241 NIO = 0.5227 ZAR
19 January 20241 NIO = 0.5184 ZAR
20 January 20241 NIO = 0.5190 ZAR
21 January 20241 NIO = 0.5191 ZAR
22 January 20241 NIO = 0.5261 ZAR
23 January 20241 NIO = 0.5256 ZAR
24 January 20241 NIO = 0.5182 ZAR
25 January 20241 NIO = 0.5168 ZAR
26 January 20241 NIO = 0.5173 ZAR
27 January 20241 NIO = 0.5127 ZAR
28 January 20241 NIO = 0.5128 ZAR
29 January 20241 NIO = 0.5181 ZAR
30 January 20241 NIO = 0.5145 ZAR
31 January 20241 NIO = 0.5138 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.
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