South African rand bermudian dollar exchange rate history (ZAR BMD) August 2023

South African rand bermudian dollar history for August 2023. The highest quote for this month is 0.054727 (01/08/2023) and the lowest 0.056036 (01/08/2023). The difference between high and low is -2.39.

ZAR BMD average rate for August 2023 is 0.05341, the change between 01/08/2023 and 31/08/2023 is +4.49 %.

01 August 2023	1 ZAR = 0.0560 BMD
02 August 2023	1 ZAR = 0.0548 BMD
03 August 2023	1 ZAR = 0.0542 BMD
04 August 2023	1 ZAR = 0.0537 BMD
05 August 2023	1 ZAR = 0.0542 BMD
07 August 2023	1 ZAR = 0.0542 BMD
08 August 2023	1 ZAR = 0.0535 BMD
09 August 2023	1 ZAR = 0.0529 BMD
10 August 2023	1 ZAR = 0.0528 BMD
11 August 2023	1 ZAR = 0.0531 BMD
12 August 2023	1 ZAR = 0.0528 BMD
14 August 2023	1 ZAR = 0.0528 BMD
15 August 2023	1 ZAR = 0.0525 BMD
16 August 2023	1 ZAR = 0.0523 BMD
17 August 2023	1 ZAR = 0.0522 BMD
18 August 2023	1 ZAR = 0.0525 BMD
20 August 2023	1 ZAR = 0.0527 BMD
21 August 2023	1 ZAR = 0.0527 BMD
22 August 2023	1 ZAR = 0.0528 BMD
23 August 2023	1 ZAR = 0.0533 BMD
24 August 2023	1 ZAR = 0.0542 BMD
25 August 2023	1 ZAR = 0.0532 BMD
28 August 2023	1 ZAR = 0.0537 BMD
29 August 2023	1 ZAR = 0.0539 BMD
30 August 2023	1 ZAR = 0.0542 BMD
31 August 2023	1 ZAR = 0.0535 BMD

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.

01/01/2019: Switch to the Bermuda dollar symbol

Bermuda officially adopted a new currency symbol for the Bermudian dollar, replacing the British pound sign used previously.

16/03/2015: Redesign of banknotes

The Bermuda Monetary Authority unveiled a redesigned series of banknotes featuring enhanced security features and updated designs.

01/05/2012: Introduction of polymer banknotes

Bermuda introduced polymer banknotes to replace paper currency for better durability and security.

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.

01/01/1997: Incorporation into Federal Reserve System

The US Federal Reserve System incorporated the Bermuda Monetary Authority into its banking system.

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.

06/01/1982: New notes and coins

Bermuda issued new notes and coins, featuring iconic local sights, to commemorate its 375th anniversary.

25/02/1972: Introduction of decimal coins

Bermuda introduced a decimal currency system, replacing the old pounds, shillings, and pence.

06/07/1970: Currency Board Agreement

Bermuda established a Currency Board System, pegging the Bermudian dollar at par with the US dollar.

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 Bermudian dollar