Historic Rwandan franc South African rand

Rwandan franc south african rand history for January 2024. The highest quote for this month is 0.015294 (17/01/2024) and the lowest 0.015133 (22/01/2024). The difference between high and low is 1.05.

RWF ZAR average rate for January 2024 is 0.01491, the change between 01/01/2024 and 31/01/2024 is -1.79 %.

01 January 20241 RWF = 0.0146 ZAR
02 January 20241 RWF = 0.0147 ZAR
03 January 20241 RWF = 0.0147 ZAR
04 January 20241 RWF = 0.0149 ZAR
05 January 20241 RWF = 0.0150 ZAR
06 January 20241 RWF = 0.0149 ZAR
07 January 20241 RWF = 0.0149 ZAR
08 January 20241 RWF = 0.0150 ZAR
09 January 20241 RWF = 0.0149 ZAR
10 January 20241 RWF = 0.0149 ZAR
11 January 20241 RWF = 0.0149 ZAR
12 January 20241 RWF = 0.0149 ZAR
14 January 20241 RWF = 0.0148 ZAR
15 January 20241 RWF = 0.0147 ZAR
16 January 20241 RWF = 0.0148 ZAR
17 January 20241 RWF = 0.0151 ZAR
18 January 20241 RWF = 0.0152 ZAR
19 January 20241 RWF = 0.0150 ZAR
22 January 20241 RWF = 0.0150 ZAR
23 January 20241 RWF = 0.0152 ZAR
24 January 20241 RWF = 0.0150 ZAR
25 January 20241 RWF = 0.0150 ZAR
26 January 20241 RWF = 0.0150 ZAR
28 January 20241 RWF = 0.0149 ZAR
29 January 20241 RWF = 0.0149 ZAR
30 January 20241 RWF = 0.0149 ZAR
31 January 20241 RWF = 0.0149 ZAR

24/06/2020: Rwandan Franc Devaluation

The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.

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.

03/12/2008: New Currency Series

A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.

01/01/2004: East African Community

Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.

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.

03/12/1998: Currency Redenomination

The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.

07/04/1995: Rwandan Genocide

The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.

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.

01/12/1973: Currency Reform

A currency reform was implemented, introducing a new series of Rwandan franc banknotes.

25/06/1964: Introduction of the Rwandan Franc

The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.

14/09/1961: Introduction of the Rand

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