Historic South African rand Argentine peso

South African rand argentine peso history for December 2023. The highest quote for this month is 44.223 (30/12/2023) and the lowest 44.642 (25/12/2023). The difference between high and low is -0.95.

ZAR ARS average rate for December 2023 is 33.88133, the change between 01/12/2023 and 31/12/2023 is -131.11 %.

01 December 20231 ZAR = 19.13 ARS
02 December 20231 ZAR = 19.36 ARS
03 December 20231 ZAR = 19.36 ARS
04 December 20231 ZAR = 19.41 ARS
05 December 20231 ZAR = 19.29 ARS
06 December 20231 ZAR = 19.16 ARS
07 December 20231 ZAR = 19.18 ARS
08 December 20231 ZAR = 19.35 ARS
10 December 20231 ZAR = 19.17 ARS
11 December 20231 ZAR = 19.28 ARS
12 December 20231 ZAR = 19.18 ARS
13 December 20231 ZAR = 19.37 ARS
14 December 20231 ZAR = 42.89 ARS
15 December 20231 ZAR = 42.88 ARS
16 December 20231 ZAR = 43.67 ARS
17 December 20231 ZAR = 43.67 ARS
18 December 20231 ZAR = 43.33 ARS
19 December 20231 ZAR = 43.21 ARS
20 December 20231 ZAR = 43.83 ARS
21 December 20231 ZAR = 44.03 ARS
22 December 20231 ZAR = 44.28 ARS
23 December 20231 ZAR = 43.64 ARS
24 December 20231 ZAR = 43.64 ARS
25 December 20231 ZAR = 43.60 ARS
26 December 20231 ZAR = 43.58 ARS
27 December 20231 ZAR = 43.02 ARS
28 December 20231 ZAR = 44.01 ARS
29 December 20231 ZAR = 43.52 ARS
30 December 20231 ZAR = 44.22 ARS
31 December 20231 ZAR = 44.22 ARS

14/09/2020: Introduction of Currency Controls

Argentina tightens currency controls to stabilize the peso and prevent capital flight, imposing restrictions on foreign currency purchases and transfers, marking a significant shift in monetary policy.

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.

11/08/2019: Primary Elections and Peso Devaluation

Following the primary elections, uncertainty in the financial markets leads to a significant devaluation of the peso, causing economic turmoil and further exacerbating the country's financial difficulties.

09/12/2015: Change in Government

Mauricio Macri assumes the presidency, bringing in economic reforms and liberalization policies, impacting the exchange rate and the value of the Argentine peso.

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.

02/12/2001: Economic Crisis and Devaluation

Argentina faces a severe economic crisis, resulting in the devaluation of the peso, leading to a sharp decline in its value and triggering social and political unrest.

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.

31/03/1991: Introduction of Convertibility Plan

The Convertibility Plan is implemented, fixing the exchange rate between the Argentine peso and the US dollar on a one-to-one basis, as an attempt to control inflation.

06/01/1985: Introduction of Austral as a new currency

The Argentine government replaces the peso with the Austral as the new currency, aiming to stabilize the economy and tackle hyperinflation.

29/01/1983: End of the military dictatorship

After seven years of military rule, democratic elections are held in Argentina, leading to the end of the military dictatorship and the beginning of a period of economic and political transition.

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.
ZAR ARS July 2023
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