Peruvian sol south african rand exchange rate history (PEN ZAR) August 2023

Peruvian sol south african rand history for August 2023. The highest quote for this month is 5.3034 (15/08/2023) and the lowest 5.2377 (15/08/2023). The difference between high and low is 1.24.

PEN ZAR average rate for August 2023 is 5.13021, the change between 01/08/2023 and 31/08/2023 is -4.19 %.

01 August 2023	1 PEN = 4.960 ZAR
02 August 2023	1 PEN = 5.02 ZAR
03 August 2023	1 PEN = 5.15 ZAR
04 August 2023	1 PEN = 5.12 ZAR
07 August 2023	1 PEN = 5.13 ZAR
08 August 2023	1 PEN = 5.18 ZAR
09 August 2023	1 PEN = 5.22 ZAR
10 August 2023	1 PEN = 5.22 ZAR
11 August 2023	1 PEN = 5.19 ZAR
12 August 2023	1 PEN = 5.16 ZAR
14 August 2023	1 PEN = 5.24 ZAR
15 August 2023	1 PEN = 5.15 ZAR
16 August 2023	1 PEN = 5.18 ZAR
17 August 2023	1 PEN = 5.17 ZAR
18 August 2023	1 PEN = 5.11 ZAR
20 August 2023	1 PEN = 5.13 ZAR
21 August 2023	1 PEN = 5.22 ZAR
22 August 2023	1 PEN = 5.10 ZAR
23 August 2023	1 PEN = 5.05 ZAR
24 August 2023	1 PEN = 4.961 ZAR
25 August 2023	1 PEN = 5.09 ZAR
28 August 2023	1 PEN = 5.14 ZAR
29 August 2023	1 PEN = 5.12 ZAR
30 August 2023	1 PEN = 5.09 ZAR
31 August 2023	1 PEN = 5.17 ZAR

27/07/2020: Transition to Sol

Peru announced the removal of 'Nuevo' from the currency's name, making it officially known as the Sol once again.

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.

15/12/2015: Introduction of New Sol Banknotes

New series of banknotes featuring improved security features and designs were introduced for the Nuevo Sol.

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.

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.

01/10/1995: Introduction of Nuevo Sol

The Peruvian Sol was revalued and renamed as the Nuevo Sol, with a new currency code of PEN.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

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.

01/07/1991: Return to the Sol

Peru reintroduced the Sol as its official currency, replacing the Inti at a rate of 1 million Intis to 1 Sol.

01/02/1985: Creation of the Inti

The Peruvian Inti was created to replace the Sol as the official currency as part of an economic reform plan.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

01/07/1880: Adoption of the Sol de Oro Standard

Peru adopted the Sol de Oro standard, pegging the Sol to gold at a fixed rate.

23/11/1850: Introducción of Peruvian Sol

The Peruvian Sol was introduced as the official currency of Peru to replace the Spanish real.

Historic Peruvian sol South African rand