Historic Samoan Tala South African rand

Samoan Tala south african rand history for September 2023. The highest quote for this month is 6.9619 (05/09/2023) and the lowest 7.1262 (05/09/2023). The difference between high and low is -2.36.

WST ZAR average rate for September 2023 is 6.87784, the change between 01/09/2023 and 30/09/2023 is -0.22 %.

01 September 20231 WST = 6.81 ZAR
05 September 20231 WST = 7.12 ZAR
06 September 20231 WST = 6.93 ZAR
11 September 20231 WST = 6.86 ZAR
18 September 20231 WST = 7.08 ZAR
23 September 20231 WST = 6.76 ZAR
25 September 20231 WST = 6.77 ZAR
26 September 20231 WST = 6.78 ZAR
27 September 20231 WST = 6.87 ZAR
29 September 20231 WST = 6.85 ZAR
30 September 20231 WST = 6.83 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.