Historic South African rand Azerbaijani manat

South African rand azerbaijani manat history for February 2024. The highest quote for this month is 0.09052 (01/02/2024) and the lowest 0.09174 (02/02/2024). The difference between high and low is -1.35.

ZAR AZN average rate for February 2024 is 0.08962, the change between 01/02/2024 and 29/02/2024 is +3.32 %.

01 February 20241 ZAR = 0.0913 AZN
02 February 20241 ZAR = 0.0915 AZN
05 February 20241 ZAR = 0.0900 AZN
06 February 20241 ZAR = 0.0892 AZN
07 February 20241 ZAR = 0.0903 AZN
08 February 20241 ZAR = 0.0899 AZN
09 February 20241 ZAR = 0.0896 AZN
12 February 20241 ZAR = 0.0896 AZN
13 February 20241 ZAR = 0.0899 AZN
14 February 20241 ZAR = 0.0891 AZN
15 February 20241 ZAR = 0.0893 AZN
16 February 20241 ZAR = 0.0897 AZN
19 February 20241 ZAR = 0.0903 AZN
20 February 20241 ZAR = 0.0897 AZN
21 February 20241 ZAR = 0.0899 AZN
22 February 20241 ZAR = 0.0899 AZN
23 February 20241 ZAR = 0.0888 AZN
26 February 20241 ZAR = 0.0880 AZN
27 February 20241 ZAR = 0.0885 AZN
28 February 20241 ZAR = 0.0891 AZN
29 February 20241 ZAR = 0.0883 AZN

31/12/2020: Digital Currency Pilot

Azerbaijan launched a pilot program to test the use of a digital currency, the digital manat, in an effort to modernize its financial system.

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.

20/12/2017: Second Devaluation

The manat faced another devaluation, this time by around 30%, due to economic challenges and a sharp drop in oil prices.

20/12/2015: Devaluation

The manat was devalued by more than 30% against the US dollar in response to falling oil prices.

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.

20/02/2005: Pegged to US Dollar

The Azerbaijani manat was pegged to the US dollar at a rate of 1.6 manat per 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.

14/06/2001: Currency Reform

A currency reform was implemented, resulting in a new manat with a higher exchange rate.

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.

31/12/1993: Hyperinflation

Azerbaijan experienced a period of hyperinflation, leading to the devaluation of the manat.

14/08/1992: Introduction of Manat

The Azerbaijani manat currency was introduced as the official currency of Azerbaijan, replacing the Soviet ruble.

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.
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