Historic South African rand Burundian Franc

South African rand burundian franc history for August 2023. The highest quote for this month is 154.05 (01/08/2023) and the lowest 157.32 (01/08/2023). The difference between high and low is -2.12.

ZAR BIF average rate for August 2023 is 149.8456, the change between 01/08/2023 and 31/08/2023 is +4.44 %.

01 August 20231 ZAR = 157.1 BIF
02 August 20231 ZAR = 153.9 BIF
03 August 20231 ZAR = 152.4 BIF
04 August 20231 ZAR = 150.5 BIF
07 August 20231 ZAR = 151.3 BIF
08 August 20231 ZAR = 149.6 BIF
09 August 20231 ZAR = 148.5 BIF
10 August 20231 ZAR = 148.2 BIF
11 August 20231 ZAR = 149.2 BIF
12 August 20231 ZAR = 148.5 BIF
14 August 20231 ZAR = 149.0 BIF
15 August 20231 ZAR = 147.4 BIF
16 August 20231 ZAR = 146.6 BIF
17 August 20231 ZAR = 146.6 BIF
18 August 20231 ZAR = 147.4 BIF
20 August 20231 ZAR = 148.1 BIF
21 August 20231 ZAR = 147.7 BIF
22 August 20231 ZAR = 148.6 BIF
23 August 20231 ZAR = 149.7 BIF
24 August 20231 ZAR = 152.0 BIF
25 August 20231 ZAR = 149.7 BIF
28 August 20231 ZAR = 151.0 BIF
29 August 20231 ZAR = 151.1 BIF
30 August 20231 ZAR = 152.0 BIF
31 August 20231 ZAR = 150.1 BIF

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.

29/06/2018: East African Community Currency Integration

Burundi joins the East African Community (EAC) currency integration, paving the way for a future unified currency within the region.

17/10/2011: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs are introduced in denominations of 500, 1000, 2000, 5000, and 10,000 Francs.

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.

30/06/2003: Second Currency Revaluation

The Burundian Franc undergoes another significant devaluation as part of the second currency revaluation program.

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.

30/04/1995: Printing of Banknotes

The first locally printed banknotes, issued in denominations of 10, 20, 50, 100, 500, 1000, and 5000 Francs, are circulated.

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.

20/10/1990: Introduction of New Coins

New coins are introduced in denominations of 1, 5, 10, 50, and 100 Francs.

22/09/1985: First Currency Revaluation

The Burundian Franc is significantly devalued as part of a currency revaluation program.

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.

30/06/1960: Independence from Belgium

Burundi gains independence from Belgium, establishing the Burundian Franc as its official currency.
ZAR BIF July 2023
ZAR BIF August 2023
ZAR BIF September 2023
ZAR BIF October 2023
ZAR BIF November 2023
ZAR BIF December 2023
ZAR BIF January 2024
ZAR BIF February 2024
ZAR BIF March 2024
ZAR BIF April 2024
ZAR BIF May 2024
ZAR BIF June 2024
ZAR BIF July 2024