Rwandan franc south african rand exchange rate history (RWF ZAR) October 2023

Rwandan franc south african rand history for October 2023. The highest quote for this month is 0.016318 (06/10/2023) and the lowest 0.016084 (06/10/2023). The difference between high and low is 1.43.

RWF ZAR average rate for October 2023 is 0.01573, the change between 01/10/2023 and 31/10/2023 is +1.35 %.

01 October 2023	1 RWF = 0.0157 ZAR
02 October 2023	1 RWF = 0.0156 ZAR
03 October 2023	1 RWF = 0.0160 ZAR
04 October 2023	1 RWF = 0.0160 ZAR
05 October 2023	1 RWF = 0.0160 ZAR
06 October 2023	1 RWF = 0.0163 ZAR
07 October 2023	1 RWF = 0.0160 ZAR
09 October 2023	1 RWF = 0.0162 ZAR
10 October 2023	1 RWF = 0.0157 ZAR
11 October 2023	1 RWF = 0.0157 ZAR
12 October 2023	1 RWF = 0.0156 ZAR
13 October 2023	1 RWF = 0.0157 ZAR
16 October 2023	1 RWF = 0.0157 ZAR
17 October 2023	1 RWF = 0.0155 ZAR
18 October 2023	1 RWF = 0.0155 ZAR
19 October 2023	1 RWF = 0.0157 ZAR
20 October 2023	1 RWF = 0.0157 ZAR
21 October 2023	1 RWF = 0.0156 ZAR
22 October 2023	1 RWF = 0.0156 ZAR
23 October 2023	1 RWF = 0.0157 ZAR
24 October 2023	1 RWF = 0.0156 ZAR
25 October 2023	1 RWF = 0.0156 ZAR
26 October 2023	1 RWF = 0.0158 ZAR
27 October 2023	1 RWF = 0.0156 ZAR
29 October 2023	1 RWF = 0.0155 ZAR
30 October 2023	1 RWF = 0.0155 ZAR
31 October 2023	1 RWF = 0.0155 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.

Historic Rwandan franc South African rand