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

Omani rial south african rand history for December 2023. The highest quote for this month is 49.837 (11/12/2023) and the lowest 50.702 (11/12/2023). The difference between high and low is -1.74.

OMR ZAR average rate for December 2023 is 48.49446, the change between 01/12/2023 and 31/12/2023 is +1.44 %.

01 December 2023	1 OMR = 49.11 ZAR
02 December 2023	1 OMR = 48.42 ZAR
03 December 2023	1 OMR = 48.42 ZAR
04 December 2023	1 OMR = 49.91 ZAR
05 December 2023	1 OMR = 49.00 ZAR
06 December 2023	1 OMR = 49.40 ZAR
07 December 2023	1 OMR = 49.43 ZAR
08 December 2023	1 OMR = 49.03 ZAR
10 December 2023	1 OMR = 49.30 ZAR
11 December 2023	1 OMR = 49.23 ZAR
12 December 2023	1 OMR = 49.67 ZAR
13 December 2023	1 OMR = 49.34 ZAR
14 December 2023	1 OMR = 48.63 ZAR
15 December 2023	1 OMR = 47.75 ZAR
16 December 2023	1 OMR = 47.66 ZAR
17 December 2023	1 OMR = 47.66 ZAR
18 December 2023	1 OMR = 47.63 ZAR
19 December 2023	1 OMR = 48.43 ZAR
20 December 2023	1 OMR = 47.77 ZAR
21 December 2023	1 OMR = 47.58 ZAR
22 December 2023	1 OMR = 47.35 ZAR
23 December 2023	1 OMR = 47.90 ZAR
24 December 2023	1 OMR = 48.03 ZAR
25 December 2023	1 OMR = 48.15 ZAR
26 December 2023	1 OMR = 48.19 ZAR
27 December 2023	1 OMR = 48.64 ZAR
28 December 2023	1 OMR = 47.83 ZAR
29 December 2023	1 OMR = 48.40 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