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

Omani rial south african rand history for November 2023. The highest quote for this month is 49.368 (30/11/2023) and the lowest 50.192 (27/11/2023). The difference between high and low is -1.67.

OMR ZAR average rate for November 2023 is 48.25727, the change between 01/11/2023 and 30/11/2023 is -0.57 %.

01 November 2023	1 OMR = 48.54 ZAR
02 November 2023	1 OMR = 48.10 ZAR
03 November 2023	1 OMR = 47.98 ZAR
06 November 2023	1 OMR = 47.56 ZAR
07 November 2023	1 OMR = 47.69 ZAR
08 November 2023	1 OMR = 47.80 ZAR
09 November 2023	1 OMR = 48.19 ZAR
10 November 2023	1 OMR = 48.64 ZAR
12 November 2023	1 OMR = 48.65 ZAR
13 November 2023	1 OMR = 48.77 ZAR
14 November 2023	1 OMR = 48.69 ZAR
15 November 2023	1 OMR = 47.51 ZAR
16 November 2023	1 OMR = 47.40 ZAR
17 November 2023	1 OMR = 47.88 ZAR
18 November 2023	1 OMR = 47.71 ZAR
19 November 2023	1 OMR = 47.71 ZAR
20 November 2023	1 OMR = 47.75 ZAR
21 November 2023	1 OMR = 47.77 ZAR
22 November 2023	1 OMR = 48.51 ZAR
23 November 2023	1 OMR = 49.20 ZAR
24 November 2023	1 OMR = 48.98 ZAR
26 November 2023	1 OMR = 48.90 ZAR
27 November 2023	1 OMR = 48.92 ZAR
28 November 2023	1 OMR = 48.61 ZAR
29 November 2023	1 OMR = 48.41 ZAR
30 November 2023	1 OMR = 48.82 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