Historic Saudi riyal South African rand

Saudi riyal south african rand history for January 2024. The highest quote for this month is 5.1264 (23/01/2024) and the lowest 5.0702 (22/01/2024). The difference between high and low is 1.1.

SAR ZAR average rate for January 2024 is 5.00007, the change between 01/01/2024 and 31/01/2024 is -2.79 %.

01 January 20241 SAR = 4.878 ZAR
02 January 20241 SAR = 4.881 ZAR
03 January 20241 SAR = 4.954 ZAR
04 January 20241 SAR = 4.985 ZAR
05 January 20241 SAR = 4.989 ZAR
06 January 20241 SAR = 4.983 ZAR
07 January 20241 SAR = 4.982 ZAR
08 January 20241 SAR = 4.979 ZAR
09 January 20241 SAR = 4.956 ZAR
10 January 20241 SAR = 4.977 ZAR
11 January 20241 SAR = 4.975 ZAR
12 January 20241 SAR = 4.978 ZAR
14 January 20241 SAR = 4.964 ZAR
15 January 20241 SAR = 4.967 ZAR
16 January 20241 SAR = 4.979 ZAR
17 January 20241 SAR = 5.06 ZAR
18 January 20241 SAR = 5.09 ZAR
19 January 20241 SAR = 5.05 ZAR
22 January 20241 SAR = 5.07 ZAR
23 January 20241 SAR = 5.12 ZAR
24 January 20241 SAR = 5.05 ZAR
25 January 20241 SAR = 5.04 ZAR
26 January 20241 SAR = 5.04 ZAR
28 January 20241 SAR = 5.01 ZAR
29 January 20241 SAR = 5.01 ZAR
30 January 20241 SAR = 5.01 ZAR
31 January 20241 SAR = 5.01 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.
SAR ZAR July 2023
SAR ZAR August 2023
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