Historic South African rand Pound sterling

South African rand pound sterling history for January 2024. The highest quote for this month is 0.04294 (01/01/2024) and the lowest 0.042999 (02/01/2024). The difference between high and low is -0.14.

ZAR GBP average rate for January 2024 is 0.04198, the change between 01/01/2024 and 31/01/2024 is +2.45 %.

01 January 20241 ZAR = 0.0430 GBP
02 January 20241 ZAR = 0.0429 GBP
03 January 20241 ZAR = 0.0427 GBP
04 January 20241 ZAR = 0.0423 GBP
05 January 20241 ZAR = 0.0422 GBP
07 January 20241 ZAR = 0.0421 GBP
08 January 20241 ZAR = 0.0421 GBP
09 January 20241 ZAR = 0.0423 GBP
10 January 20241 ZAR = 0.0422 GBP
11 January 20241 ZAR = 0.0421 GBP
12 January 20241 ZAR = 0.0420 GBP
14 January 20241 ZAR = 0.0421 GBP
15 January 20241 ZAR = 0.0422 GBP
16 January 20241 ZAR = 0.0422 GBP
17 January 20241 ZAR = 0.0417 GBP
18 January 20241 ZAR = 0.0413 GBP
19 January 20241 ZAR = 0.0416 GBP
21 January 20241 ZAR = 0.0414 GBP
22 January 20241 ZAR = 0.0414 GBP
23 January 20241 ZAR = 0.0410 GBP
24 January 20241 ZAR = 0.0417 GBP
25 January 20241 ZAR = 0.0416 GBP
26 January 20241 ZAR = 0.0417 GBP
28 January 20241 ZAR = 0.0419 GBP
29 January 20241 ZAR = 0.0420 GBP
30 January 20241 ZAR = 0.0419 GBP
31 January 20241 ZAR = 0.0419 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
ZAR GBP March 2024
ZAR GBP April 2024
ZAR GBP May 2024
ZAR GBP June 2024
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ZAR GBP January 2025