Somali shilling south african rand history for March 2024. The highest quote for this month is 0.033877 (01/03/2024) and the lowest 0.033468 (01/03/2024). The difference between high and low is 1.21.
SOS ZAR average rate for March 2024 is 0.03324, the change between 01/03/2024 and 31/03/2024 is +3.03 %.
| 01 March 2024 | 1 SOS = 0.0338 ZAR |
| 04 March 2024 | 1 SOS = 0.0336 ZAR |
| 05 March 2024 | 1 SOS = 0.0335 ZAR |
| 06 March 2024 | 1 SOS = 0.0333 ZAR |
| 07 March 2024 | 1 SOS = 0.0331 ZAR |
| 08 March 2024 | 1 SOS = 0.0329 ZAR |
| 11 March 2024 | 1 SOS = 0.0331 ZAR |
| 12 March 2024 | 1 SOS = 0.0327 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.