Saudi riyal south african rand exchange rate history (SAR ZAR) November 2023

Saudi riyal south african rand history for November 2023. The highest quote for this month is 5.0609 (30/11/2023) and the lowest 5.0069 (24/11/2023). The difference between high and low is 1.07.

SAR ZAR average rate for November 2023 is 4.94388, the change between 01/11/2023 and 30/11/2023 is -0.59 %.

01 November 2023	1 SAR = 4.969 ZAR
02 November 2023	1 SAR = 4.924 ZAR
03 November 2023	1 SAR = 4.911 ZAR
06 November 2023	1 SAR = 4.874 ZAR
07 November 2023	1 SAR = 4.883 ZAR
08 November 2023	1 SAR = 4.894 ZAR
09 November 2023	1 SAR = 4.933 ZAR
10 November 2023	1 SAR = 4.979 ZAR
12 November 2023	1 SAR = 4.995 ZAR
13 November 2023	1 SAR = 4.993 ZAR
14 November 2023	1 SAR = 4.985 ZAR
15 November 2023	1 SAR = 4.864 ZAR
16 November 2023	1 SAR = 4.853 ZAR
17 November 2023	1 SAR = 4.903 ZAR
18 November 2023	1 SAR = 4.901 ZAR
19 November 2023	1 SAR = 4.901 ZAR
20 November 2023	1 SAR = 4.893 ZAR
21 November 2023	1 SAR = 4.892 ZAR
22 November 2023	1 SAR = 4.967 ZAR
23 November 2023	1 SAR = 5.04 ZAR
24 November 2023	1 SAR = 5.02 ZAR
26 November 2023	1 SAR = 5.02 ZAR
27 November 2023	1 SAR = 5.01 ZAR
28 November 2023	1 SAR = 4.977 ZAR
29 November 2023	1 SAR = 4.958 ZAR
30 November 2023	1 SAR = 4.999 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.

Historic Saudi riyal South African rand