Historic South African rand Burundian Franc

South African rand burundian franc history for February 2024. The highest quote for this month is 151.02 (01/02/2024) and the lowest 152.25 (01/02/2024). The difference between high and low is -0.81.

ZAR BIF average rate for February 2024 is 149.51444, the change between 01/02/2024 and 29/02/2024 is +3.59 %.

01 February 20241 ZAR = 152.2 BIF
02 February 20241 ZAR = 152.7 BIF
03 February 20241 ZAR = 150.2 BIF
04 February 20241 ZAR = 150.3 BIF
05 February 20241 ZAR = 151.1 BIF
06 February 20241 ZAR = 148.6 BIF
07 February 20241 ZAR = 150.8 BIF
08 February 20241 ZAR = 150.1 BIF
09 February 20241 ZAR = 149.4 BIF
12 February 20241 ZAR = 148.9 BIF
13 February 20241 ZAR = 150.2 BIF
14 February 20241 ZAR = 148.8 BIF
15 February 20241 ZAR = 149.1 BIF
16 February 20241 ZAR = 150.0 BIF
17 February 20241 ZAR = 150.7 BIF
18 February 20241 ZAR = 150.7 BIF
19 February 20241 ZAR = 150.3 BIF
20 February 20241 ZAR = 149.4 BIF
21 February 20241 ZAR = 150.2 BIF
22 February 20241 ZAR = 150.2 BIF
23 February 20241 ZAR = 148.3 BIF
24 February 20241 ZAR = 147.4 BIF
25 February 20241 ZAR = 147.2 BIF
26 February 20241 ZAR = 146.5 BIF
27 February 20241 ZAR = 147.8 BIF
28 February 20241 ZAR = 149.0 BIF
29 February 20241 ZAR = 146.7 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.
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