Historic South African rand Convertible Mark

South African rand convertible mark history for October 2023. The highest quote for this month is 0.0985 (30/10/2023) and the lowest 0.09575 (18/10/2023). The difference between high and low is 2.79.

ZAR BAM average rate for October 2023 is 0.09746, the change between 01/10/2023 and 31/10/2023 is -0.94 %.

03 October 20231 ZAR = 0.0974 BAM
04 October 20231 ZAR = 0.0964 BAM
06 October 20231 ZAR = 0.0948 BAM
09 October 20231 ZAR = 0.0958 BAM
11 October 20231 ZAR = 0.0970 BAM
12 October 20231 ZAR = 0.0989 BAM
13 October 20231 ZAR = 0.0980 BAM
16 October 20231 ZAR = 0.0978 BAM
17 October 20231 ZAR = 0.0986 BAM
18 October 20231 ZAR = 0.0989 BAM
20 October 20231 ZAR = 0.0973 BAM
23 October 20231 ZAR = 0.0968 BAM
24 October 20231 ZAR = 0.0976 BAM
25 October 20231 ZAR = 0.0975 BAM
26 October 20231 ZAR = 0.0970 BAM
27 October 20231 ZAR = 0.0980 BAM
30 October 20231 ZAR = 0.0983 BAM
31 October 20231 ZAR = 0.0983 BAM

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.

01/11/2019: 25th Anniversary of the Convertible Mark

Bosnia and Herzegovina celebrated the 25th anniversary of the introduction of the Convertible Mark as its national currency.

15/08/2017: New Banknote Denominations

New banknote denominations of 200 BAM and 1,000 BAM were introduced to facilitate transactions and enhance the efficiency of cash handling.

09/03/2010: New Polymer Banknotes

The Central Bank of Bosnia and Herzegovina introduced polymer banknotes to replace the paper banknotes, increasing 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.

28/02/2002: Replacement of Deutsche Mark with Euro

The Deutsche Mark was replaced by the euro as the main reference currency for the Convertible Mark's fixed exchange rate.

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.

02/07/1998: Issuance of New Banknote Series

A new series of banknotes was issued, featuring updated designs and enhanced security features.

01/07/1997: Currency Board Arrangement

A Currency Board Arrangement was established to maintain a fixed exchange rate between the Convertible Mark and the Deutsche Mark.

22/06/1995: Introduction of the Convertible Mark

The Convertible Mark was introduced as the official currency of Bosnia and Herzegovina, replacing the Yugoslav dinar.

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.

14/09/1961: Introduction of the Rand

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