Historic Omani rial South African rand

Omani rial south african rand history for January 2024. The highest quote for this month is 50.023 (23/01/2024) and the lowest 49.523 (22/01/2024). The difference between high and low is 1.

OMR ZAR average rate for January 2024 is 48.86107, the change between 01/01/2024 and 31/01/2024 is -2.89 %.

01 January 20241 OMR = 47.58 ZAR
02 January 20241 OMR = 47.66 ZAR
03 January 20241 OMR = 48.38 ZAR
04 January 20241 OMR = 48.70 ZAR
05 January 20241 OMR = 48.72 ZAR
06 January 20241 OMR = 48.51 ZAR
07 January 20241 OMR = 48.51 ZAR
08 January 20241 OMR = 50.31 ZAR
09 January 20241 OMR = 48.40 ZAR
10 January 20241 OMR = 48.60 ZAR
11 January 20241 OMR = 48.57 ZAR
12 January 20241 OMR = 48.61 ZAR
14 January 20241 OMR = 48.34 ZAR
15 January 20241 OMR = 48.46 ZAR
16 January 20241 OMR = 48.62 ZAR
17 January 20241 OMR = 49.38 ZAR
18 January 20241 OMR = 49.74 ZAR
19 January 20241 OMR = 49.33 ZAR
22 January 20241 OMR = 49.51 ZAR
23 January 20241 OMR = 50.04 ZAR
24 January 20241 OMR = 49.31 ZAR
25 January 20241 OMR = 49.22 ZAR
26 January 20241 OMR = 49.22 ZAR
28 January 20241 OMR = 48.78 ZAR
29 January 20241 OMR = 48.85 ZAR
30 January 20241 OMR = 48.96 ZAR
31 January 20241 OMR = 48.96 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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