Historic Qatari Rial South African rand

Qatari Rial south african rand history for February 2024. The highest quote for this month is 5.3262 (23/02/2024) and the lowest 5.2957 (24/02/2024). The difference between high and low is 0.57.

QAR ZAR average rate for February 2024 is 5.21442, the change between 01/02/2024 and 29/02/2024 is -3.45 %.

01 February 20241 QAR = 5.12 ZAR
02 February 20241 QAR = 5.10 ZAR
03 February 20241 QAR = 5.19 ZAR
04 February 20241 QAR = 5.19 ZAR
05 February 20241 QAR = 5.19 ZAR
06 February 20241 QAR = 5.23 ZAR
07 February 20241 QAR = 5.17 ZAR
08 February 20241 QAR = 5.19 ZAR
09 February 20241 QAR = 5.21 ZAR
12 February 20241 QAR = 5.22 ZAR
13 February 20241 QAR = 5.19 ZAR
14 February 20241 QAR = 5.24 ZAR
15 February 20241 QAR = 5.23 ZAR
16 February 20241 QAR = 5.21 ZAR
17 February 20241 QAR = 5.18 ZAR
18 February 20241 QAR = 5.18 ZAR
19 February 20241 QAR = 5.17 ZAR
20 February 20241 QAR = 5.20 ZAR
21 February 20241 QAR = 5.20 ZAR
22 February 20241 QAR = 5.19 ZAR
23 February 20241 QAR = 5.26 ZAR
24 February 20241 QAR = 5.30 ZAR
25 February 20241 QAR = 5.30 ZAR
26 February 20241 QAR = 5.31 ZAR
27 February 20241 QAR = 5.28 ZAR
28 February 20241 QAR = 5.24 ZAR
29 February 20241 QAR = 5.29 ZAR

01/01/2021: Launch of a digital currency pilot program

Qatar announced the launch of a pilot program to test the use of a digital currency as part of its efforts to introduce blockchain technology in the financial sector.

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.

05/06/2017: Qatar diplomatic crisis affects the currency

Following the diplomatic crisis and blockade imposed by neighboring countries, the Qatari rial faced volatility and depreciated against major currencies.

27/05/2015: Qatari rial pegged to a basket of currencies

The Qatari rial's peg was diversified to include a basket of currencies, reducing its dependence on the US dollar.

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.

08/06/2001: Creation of the Qatar Central Bank

The Qatar Central Bank was established to replace the Qatar Currency Board and assume the responsibility of regulating the Qatari rial.

27/07/1997: Qatar Currency Board established

The Qatar Currency Board was established to regulate the issuance and circulation of the Qatari rial and maintain its stability.

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.

01/08/1982: Currency Decimalization

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

27/03/1976: Currency pegged to the US Dollar

The Qatari rial was pegged to the US dollar at a fixed exchange rate of 1 USD = 3.64 QAR to stabilize its value and promote trade.

24/06/1973: Introduction of Qatari Rial

Qatar officially introduced the Qatari rial as its currency, replacing the Gulf rupee at a rate of 1 rial = 1.65 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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