Historic Omani rial South African rand

Omani rial south african rand history for February 2024. The highest quote for this month is 50.473 (23/02/2024) and the lowest 50.964 (12/02/2024). The difference between high and low is -0.97.

OMR ZAR average rate for February 2024 is 49.42259, the change between 01/02/2024 and 29/02/2024 is -3.44 %.

01 February 20241 OMR = 48.53 ZAR
02 February 20241 OMR = 48.40 ZAR
03 February 20241 OMR = 49.09 ZAR
04 February 20241 OMR = 49.05 ZAR
05 February 20241 OMR = 49.18 ZAR
06 February 20241 OMR = 49.67 ZAR
07 February 20241 OMR = 49.06 ZAR
08 February 20241 OMR = 49.27 ZAR
09 February 20241 OMR = 49.45 ZAR
12 February 20241 OMR = 49.42 ZAR
13 February 20241 OMR = 49.27 ZAR
14 February 20241 OMR = 49.74 ZAR
15 February 20241 OMR = 49.61 ZAR
16 February 20241 OMR = 49.38 ZAR
17 February 20241 OMR = 48.94 ZAR
18 February 20241 OMR = 48.94 ZAR
19 February 20241 OMR = 49.03 ZAR
20 February 20241 OMR = 49.38 ZAR
21 February 20241 OMR = 49.29 ZAR
22 February 20241 OMR = 49.26 ZAR
23 February 20241 OMR = 49.92 ZAR
24 February 20241 OMR = 50.08 ZAR
25 February 20241 OMR = 50.16 ZAR
26 February 20241 OMR = 50.28 ZAR
27 February 20241 OMR = 50.10 ZAR
28 February 20241 OMR = 49.72 ZAR
29 February 20241 OMR = 50.20 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.
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