South African rand bangladeshi taka exchange rate history (ZAR BDT) October 2023

South African rand bangladeshi taka history for October 2023. The highest quote for this month is 5.8319 (29/10/2023) and the lowest 5.8365 (21/10/2023). The difference between high and low is -0.08.

ZAR BDT average rate for October 2023 is 5.7204, the change between 01/10/2023 and 31/10/2023 is +1.18 %.

01 October 2023	1 ZAR = 5.83 BDT
02 October 2023	1 ZAR = 5.76 BDT
03 October 2023	1 ZAR = 5.65 BDT
04 October 2023	1 ZAR = 5.63 BDT
05 October 2023	1 ZAR = 5.61 BDT
06 October 2023	1 ZAR = 5.55 BDT
07 October 2023	1 ZAR = 5.70 BDT
09 October 2023	1 ZAR = 5.58 BDT
10 October 2023	1 ZAR = 5.67 BDT
11 October 2023	1 ZAR = 5.72 BDT
12 October 2023	1 ZAR = 5.77 BDT
13 October 2023	1 ZAR = 5.71 BDT
16 October 2023	1 ZAR = 5.72 BDT
17 October 2023	1 ZAR = 5.78 BDT
18 October 2023	1 ZAR = 5.77 BDT
19 October 2023	1 ZAR = 5.72 BDT
20 October 2023	1 ZAR = 5.71 BDT
21 October 2023	1 ZAR = 5.84 BDT
22 October 2023	1 ZAR = 5.81 BDT
23 October 2023	1 ZAR = 5.71 BDT
24 October 2023	1 ZAR = 5.73 BDT
25 October 2023	1 ZAR = 5.71 BDT
26 October 2023	1 ZAR = 5.68 BDT
27 October 2023	1 ZAR = 5.73 BDT
29 October 2023	1 ZAR = 5.83 BDT
30 October 2023	1 ZAR = 5.77 BDT
31 October 2023	1 ZAR = 5.76 BDT

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.

20/03/2020: Banned Old Notes

Bangladesh bans the circulation of old 1000 Taka notes to combat counterfeit currency and encourage the use of new security-enhanced banknotes.

12/06/2011: Denomination Revamp

Bangladesh revalues its currency by dropping two zeros from the denominations, making 1000 Taka equal to 10 Taka.

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.

01/07/2007: Introduction of Polymer Banknotes

Bangladesh introduces polymer banknotes for the first time, enhancing durability, security, and public acceptance of the Bangladeshi Taka.

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.

02/03/1976: Introduction of Decimal System

Bangladesh transitions from the Indian Rupee-based monetary system to the decimal-based system, resulting in the issuance of new banknotes and coins.

15/08/1975: Assassination of Sheikh Mujibur Rahman

The assassination of Sheikh Mujibur Rahman, the founding father of Bangladesh and the advocate for the Bangladeshi Taka, creates political instability and economic challenges.

04/01/1972: Introduction of Bangladeshi Taka

The Bangladeshi Taka is introduced as the national currency replacing the Pakistani Rupee at par.

25/03/1971: Declaration of Independence

Bangladesh declares independence from Pakistan, leading to the establishment of the Bangladeshi Taka as the official currency.

14/09/1961: Introduction of the Rand

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

Historic South African rand Bangladeshi Taka