Omani rial south african rand exchange rate history (OMR ZAR) August 2023

Omani rial south african rand history for August 2023. The highest quote for this month is 50.24 (15/08/2023) and the lowest 49.541 (15/08/2023). The difference between high and low is 1.39.

OMR ZAR average rate for August 2023 is 48.95172, the change between 01/08/2023 and 31/08/2023 is -4.69 %.

01 August 2023	1 OMR = 46.54 ZAR
02 August 2023	1 OMR = 47.55 ZAR
03 August 2023	1 OMR = 48.08 ZAR
04 August 2023	1 OMR = 48.59 ZAR
07 August 2023	1 OMR = 48.02 ZAR
08 August 2023	1 OMR = 48.74 ZAR
09 August 2023	1 OMR = 49.29 ZAR
10 August 2023	1 OMR = 49.40 ZAR
11 August 2023	1 OMR = 49.06 ZAR
12 August 2023	1 OMR = 49.20 ZAR
14 August 2023	1 OMR = 50.64 ZAR
15 August 2023	1 OMR = 49.70 ZAR
16 August 2023	1 OMR = 49.89 ZAR
17 August 2023	1 OMR = 49.98 ZAR
18 August 2023	1 OMR = 49.66 ZAR
20 August 2023	1 OMR = 49.32 ZAR
21 August 2023	1 OMR = 51.10 ZAR
22 August 2023	1 OMR = 49.37 ZAR
23 August 2023	1 OMR = 48.93 ZAR
24 August 2023	1 OMR = 48.10 ZAR
25 August 2023	1 OMR = 48.98 ZAR
28 August 2023	1 OMR = 48.48 ZAR
29 August 2023	1 OMR = 48.37 ZAR
30 August 2023	1 OMR = 48.09 ZAR
31 August 2023	1 OMR = 48.73 ZAR

16/03/2021: New 5 Rial Polymer Banknote Introduced

A new polymer banknote with a denomination of 5 rials was introduced, enhancing durability and security features of the currency.

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.

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.

15/01/2003: New Omani Rial Banknotes Issued

New series of Omani rial banknotes were introduced, featuring enhanced security features and updated designs.

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.

12/06/1994: Smaller Denomination Coins Issued

Small denomination coins, including 5, 10, 25, and 50 baisa coins, were issued in order to facilitate everyday transactions.

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.

17/03/1986: 200 Baisa Coin Introduced

A new 200 baisa coin was introduced, becoming the highest denomination coin in circulation at that time.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

11/11/1975: 1/8 Rial Copper-Nickel Coin Introduced

A new 1/8 rial coin made of copper-nickel was introduced, representing a fractional value of the rial currency.

02/03/1973: Rial Oman Pegged to US Dollar

The Omani rial was officially pegged to the United States dollar, with an exchange rate of 1 OMR = 2.895 USD.

27/07/1970: Rial Oman is Introduced

The Omani rial was introduced, replacing the Gulf rupee at a rate of 1 rial = 2.6008 rupees.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

Historic Omani rial South African rand