Historic South African rand Bermudian dollar

South African rand bermudian dollar history for February 2024. The highest quote for this month is 0.053265 (01/02/2024) and the lowest 0.05398 (02/02/2024). The difference between high and low is -1.34.

ZAR BMD average rate for February 2024 is 0.0527, the change between 01/02/2024 and 29/02/2024 is +3.32 %.

01 February 20241 ZAR = 0.0537 BMD
02 February 20241 ZAR = 0.0539 BMD
03 February 20241 ZAR = 0.0529 BMD
04 February 20241 ZAR = 0.0530 BMD
05 February 20241 ZAR = 0.0530 BMD
06 February 20241 ZAR = 0.0525 BMD
07 February 20241 ZAR = 0.0531 BMD
08 February 20241 ZAR = 0.0529 BMD
09 February 20241 ZAR = 0.0527 BMD
10 February 20241 ZAR = 0.0526 BMD
11 February 20241 ZAR = 0.0525 BMD
12 February 20241 ZAR = 0.0527 BMD
13 February 20241 ZAR = 0.0529 BMD
14 February 20241 ZAR = 0.0524 BMD
15 February 20241 ZAR = 0.0526 BMD
16 February 20241 ZAR = 0.0528 BMD
17 February 20241 ZAR = 0.0531 BMD
18 February 20241 ZAR = 0.0531 BMD
19 February 20241 ZAR = 0.0531 BMD
20 February 20241 ZAR = 0.0528 BMD
21 February 20241 ZAR = 0.0529 BMD
22 February 20241 ZAR = 0.0529 BMD
23 February 20241 ZAR = 0.0522 BMD
24 February 20241 ZAR = 0.0519 BMD
25 February 20241 ZAR = 0.0518 BMD
26 February 20241 ZAR = 0.0518 BMD
27 February 20241 ZAR = 0.0520 BMD
28 February 20241 ZAR = 0.0524 BMD
29 February 20241 ZAR = 0.0519 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.
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