Historic South African rand Bermudian dollar

South African rand bermudian dollar history for December 2023. The highest quote for this month is 0.054698 (30/12/2023) and the lowest 0.055642 (25/12/2023). The difference between high and low is -1.73.

ZAR BMD average rate for December 2023 is 0.05384, the change between 01/12/2023 and 31/12/2023 is -3.04 %.

01 December 20231 ZAR = 0.0531 BMD
02 December 20231 ZAR = 0.0537 BMD
03 December 20231 ZAR = 0.0537 BMD
04 December 20231 ZAR = 0.0538 BMD
05 December 20231 ZAR = 0.0532 BMD
06 December 20231 ZAR = 0.0528 BMD
07 December 20231 ZAR = 0.0527 BMD
08 December 20231 ZAR = 0.0532 BMD
10 December 20231 ZAR = 0.0527 BMD
11 December 20231 ZAR = 0.0529 BMD
12 December 20231 ZAR = 0.0524 BMD
13 December 20231 ZAR = 0.0528 BMD
14 December 20231 ZAR = 0.0536 BMD
15 December 20231 ZAR = 0.0546 BMD
16 December 20231 ZAR = 0.0545 BMD
17 December 20231 ZAR = 0.0545 BMD
18 December 20231 ZAR = 0.0547 BMD
19 December 20231 ZAR = 0.0538 BMD
20 December 20231 ZAR = 0.0546 BMD
21 December 20231 ZAR = 0.0548 BMD
22 December 20231 ZAR = 0.0551 BMD
23 December 20231 ZAR = 0.0542 BMD
24 December 20231 ZAR = 0.0542 BMD
25 December 20231 ZAR = 0.0542 BMD
26 December 20231 ZAR = 0.0542 BMD
27 December 20231 ZAR = 0.0536 BMD
28 December 20231 ZAR = 0.0545 BMD
29 December 20231 ZAR = 0.0539 BMD
30 December 20231 ZAR = 0.0547 BMD
31 December 20231 ZAR = 0.0547 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.
ZAR BMD July 2023
ZAR BMD August 2023
ZAR BMD September 2023
ZAR BMD October 2023
ZAR BMD November 2023
ZAR BMD December 2023
ZAR BMD January 2024
ZAR BMD February 2024
ZAR BMD March 2024
ZAR BMD April 2024
ZAR BMD May 2024
ZAR BMD June 2024
ZAR BMD July 2024