Historic South African rand Pound sterling

South African rand pound sterling history for February 2024. The highest quote for this month is 0.042186 (01/02/2024) and the lowest 0.04234 (01/02/2024). The difference between high and low is -0.37.

ZAR GBP average rate for February 2024 is 0.04172, the change between 01/02/2024 and 29/02/2024 is +3.2 %.

01 February 20241 ZAR = 0.0424 GBP
02 February 20241 ZAR = 0.0423 GBP
05 February 20241 ZAR = 0.0420 GBP
06 February 20241 ZAR = 0.0419 GBP
07 February 20241 ZAR = 0.0422 GBP
08 February 20241 ZAR = 0.0419 GBP
09 February 20241 ZAR = 0.0418 GBP
11 February 20241 ZAR = 0.0416 GBP
12 February 20241 ZAR = 0.0417 GBP
13 February 20241 ZAR = 0.0419 GBP
14 February 20241 ZAR = 0.0416 GBP
15 February 20241 ZAR = 0.0418 GBP
16 February 20241 ZAR = 0.0419 GBP
18 February 20241 ZAR = 0.0421 GBP
19 February 20241 ZAR = 0.0421 GBP
20 February 20241 ZAR = 0.0419 GBP
21 February 20241 ZAR = 0.0419 GBP
22 February 20241 ZAR = 0.0419 GBP
23 February 20241 ZAR = 0.0412 GBP
25 February 20241 ZAR = 0.0409 GBP
26 February 20241 ZAR = 0.0409 GBP
27 February 20241 ZAR = 0.0410 GBP
28 February 20241 ZAR = 0.0414 GBP
29 February 20241 ZAR = 0.0410 GBP

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.

23/06/2016: Brexit Referendum

The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.

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.

31/12/1999: Establishment of the Euro

The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.

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.

16/09/1992: Black Wednesday

The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

14/02/1971: Decimalization of the Pound

The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal currency.

14/09/1961: Introduction of the Rand

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

06/12/1921: Currency Separation with Ireland

Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.

21/12/1816: Gold Standard Introduced

The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.

27/07/1694: Bank of England Established

The Bank of England was founded and granted a royal charter, becoming the central bank of England.
ZAR GBP January 2024
ZAR GBP February 2024
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ZAR GBP January 2025