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

Omani rial south african rand history for September 2023. The highest quote for this month is 50.384 (06/09/2023) and the lowest 49.829 (07/09/2023). The difference between high and low is 1.1.

OMR ZAR average rate for September 2023 is 49.53683, the change between 01/09/2023 and 30/09/2023 is -0.11 %.

01 September 2023	1 OMR = 49.09 ZAR
04 September 2023	1 OMR = 48.95 ZAR
05 September 2023	1 OMR = 49.79 ZAR
06 September 2023	1 OMR = 49.84 ZAR
07 September 2023	1 OMR = 50.06 ZAR
08 September 2023	1 OMR = 49.87 ZAR
11 September 2023	1 OMR = 51.32 ZAR
12 September 2023	1 OMR = 49.13 ZAR
13 September 2023	1 OMR = 49.28 ZAR
14 September 2023	1 OMR = 49.03 ZAR
15 September 2023	1 OMR = 49.60 ZAR
18 September 2023	1 OMR = 51.11 ZAR
19 September 2023	1 OMR = 49.55 ZAR
20 September 2023	1 OMR = 49.28 ZAR
21 September 2023	1 OMR = 49.14 ZAR
22 September 2023	1 OMR = 49.39 ZAR
23 September 2023	1 OMR = 48.83 ZAR
25 September 2023	1 OMR = 48.81 ZAR
26 September 2023	1 OMR = 48.92 ZAR
27 September 2023	1 OMR = 49.69 ZAR
28 September 2023	1 OMR = 50.05 ZAR
29 September 2023	1 OMR = 49.46 ZAR
30 September 2023	1 OMR = 49.14 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