Samoan Tala south african rand history for August 2023. The highest quote for this month is 7.0845 (20/08/2023) and the lowest 7.0762 (20/08/2023). The difference between high and low is 0.12.
WST ZAR average rate for August 2023 is 6.93723, the change between 01/08/2023 and 31/08/2023 is -4.27 %.
| 01 August 2023 | 1 WST = 6.66 ZAR |
| 04 August 2023 | 1 WST = 6.95 ZAR |
| 07 August 2023 | 1 WST = 6.97 ZAR |
| 08 August 2023 | 1 WST = 6.83 ZAR |
| 10 August 2023 | 1 WST = 6.90 ZAR |
| 12 August 2023 | 1 WST = 6.89 ZAR |
| 14 August 2023 | 1 WST = 6.88 ZAR |
| 15 August 2023 | 1 WST = 6.90 ZAR |
| 17 August 2023 | 1 WST = 7.15 ZAR |
| 20 August 2023 | 1 WST = 7.08 ZAR |
| 21 August 2023 | 1 WST = 7.08 ZAR |
| 28 August 2023 | 1 WST = 6.95 ZAR |
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.
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.
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.
14/09/1961: Introduction of the Rand
The South African rand was introduced as the official currency, replacing the South African pound.