Historic Saudi riyal South African rand

Saudi riyal south african rand history for February 2024. The highest quote for this month is 5.173 (23/02/2024) and the lowest 5.1427 (25/02/2024). The difference between high and low is 0.59.

SAR ZAR average rate for February 2024 is 5.06628, the change between 01/02/2024 and 29/02/2024 is -3.42 %.

01 February 20241 SAR = 4.970 ZAR
02 February 20241 SAR = 4.957 ZAR
03 February 20241 SAR = 5.04 ZAR
04 February 20241 SAR = 5.04 ZAR
05 February 20241 SAR = 5.04 ZAR
06 February 20241 SAR = 5.09 ZAR
07 February 20241 SAR = 5.02 ZAR
08 February 20241 SAR = 5.05 ZAR
09 February 20241 SAR = 5.06 ZAR
12 February 20241 SAR = 5.07 ZAR
13 February 20241 SAR = 5.05 ZAR
14 February 20241 SAR = 5.09 ZAR
15 February 20241 SAR = 5.08 ZAR
16 February 20241 SAR = 5.06 ZAR
18 February 20241 SAR = 5.03 ZAR
19 February 20241 SAR = 5.03 ZAR
20 February 20241 SAR = 5.06 ZAR
21 February 20241 SAR = 5.05 ZAR
22 February 20241 SAR = 5.05 ZAR
23 February 20241 SAR = 5.11 ZAR
24 February 20241 SAR = 5.14 ZAR
25 February 20241 SAR = 5.15 ZAR
26 February 20241 SAR = 5.15 ZAR
27 February 20241 SAR = 5.13 ZAR
28 February 20241 SAR = 5.09 ZAR
29 February 20241 SAR = 5.14 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.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

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.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

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.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

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.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.
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