Historic South African rand Australian dollar

South African rand australian dollar history for October 2023. The highest quote for this month is 0.083701 (30/10/2023) and the lowest 0.084076 (31/10/2023). The difference between high and low is -0.45.

ZAR AUD average rate for October 2023 is 0.08272, the change between 01/10/2023 and 31/10/2023 is -1.19 %.

01 October 20231 ZAR = 0.0824 AUD
02 October 20231 ZAR = 0.0823 AUD
03 October 20231 ZAR = 0.0818 AUD
04 October 20231 ZAR = 0.0821 AUD
05 October 20231 ZAR = 0.0818 AUD
06 October 20231 ZAR = 0.0805 AUD
07 October 20231 ZAR = 0.0812 AUD
08 October 20231 ZAR = 0.0812 AUD
09 October 20231 ZAR = 0.0811 AUD
10 October 20231 ZAR = 0.0814 AUD
11 October 20231 ZAR = 0.0818 AUD
12 October 20231 ZAR = 0.0828 AUD
13 October 20231 ZAR = 0.0833 AUD
16 October 20231 ZAR = 0.0835 AUD
17 October 20231 ZAR = 0.0840 AUD
18 October 20231 ZAR = 0.0836 AUD
19 October 20231 ZAR = 0.0832 AUD
20 October 20231 ZAR = 0.0832 AUD
21 October 20231 ZAR = 0.0838 AUD
22 October 20231 ZAR = 0.0834 AUD
23 October 20231 ZAR = 0.0834 AUD
24 October 20231 ZAR = 0.0833 AUD
25 October 20231 ZAR = 0.0827 AUD
26 October 20231 ZAR = 0.0830 AUD
27 October 20231 ZAR = 0.0834 AUD
28 October 20231 ZAR = 0.0837 AUD
29 October 20231 ZAR = 0.0837 AUD
30 October 20231 ZAR = 0.0841 AUD
31 October 20231 ZAR = 0.0833 AUD

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.

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

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.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

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.

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

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.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.
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