Somali shilling south african rand history for August 2023. The highest quote for this month is 0.034085 (15/08/2023) and the lowest 0.033626 (16/08/2023). The difference between high and low is 1.35.
SOS ZAR average rate for August 2023 is 0.03311, the change between 01/08/2023 and 31/08/2023 is -4.7 %.
| 01 August 2023 | 1 SOS = 0.0316 ZAR |
| 02 August 2023 | 1 SOS = 0.0323 ZAR |
| 03 August 2023 | 1 SOS = 0.0326 ZAR |
| 04 August 2023 | 1 SOS = 0.0329 ZAR |
| 07 August 2023 | 1 SOS = 0.0326 ZAR |
| 08 August 2023 | 1 SOS = 0.0330 ZAR |
| 09 August 2023 | 1 SOS = 0.0334 ZAR |
| 10 August 2023 | 1 SOS = 0.0335 ZAR |
| 11 August 2023 | 1 SOS = 0.0333 ZAR |
| 14 August 2023 | 1 SOS = 0.0334 ZAR |
| 15 August 2023 | 1 SOS = 0.0337 ZAR |
| 16 August 2023 | 1 SOS = 0.0338 ZAR |
| 17 August 2023 | 1 SOS = 0.0339 ZAR |
| 18 August 2023 | 1 SOS = 0.0337 ZAR |
| 21 August 2023 | 1 SOS = 0.0336 ZAR |
| 22 August 2023 | 1 SOS = 0.0335 ZAR |
| 23 August 2023 | 1 SOS = 0.0332 ZAR |
| 24 August 2023 | 1 SOS = 0.0327 ZAR |
| 25 August 2023 | 1 SOS = 0.0333 ZAR |
| 28 August 2023 | 1 SOS = 0.0330 ZAR |
| 29 August 2023 | 1 SOS = 0.0328 ZAR |
| 30 August 2023 | 1 SOS = 0.0327 ZAR |
| 31 August 2023 | 1 SOS = 0.0331 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.