South African rand canadian dollar exchange rate history (ZAR CAD) December 2023

South African rand canadian dollar history for December 2023. The highest quote for this month is 0.072944 (16/12/2023) and the lowest 0.073774 (15/12/2023). The difference between high and low is -1.14.

ZAR CAD average rate for December 2023 is 0.07219, the change between 01/12/2023 and 31/12/2023 is -0.68 %.

01 December 2023	1 ZAR = 0.0720 CAD
02 December 2023	1 ZAR = 0.0724 CAD
03 December 2023	1 ZAR = 0.0724 CAD
04 December 2023	1 ZAR = 0.0726 CAD
05 December 2023	1 ZAR = 0.0720 CAD
06 December 2023	1 ZAR = 0.0717 CAD
07 December 2023	1 ZAR = 0.0717 CAD
08 December 2023	1 ZAR = 0.0723 CAD
10 December 2023	1 ZAR = 0.0716 CAD
11 December 2023	1 ZAR = 0.0718 CAD
12 December 2023	1 ZAR = 0.0712 CAD
13 December 2023	1 ZAR = 0.0718 CAD
14 December 2023	1 ZAR = 0.0724 CAD
15 December 2023	1 ZAR = 0.0732 CAD
16 December 2023	1 ZAR = 0.0729 CAD
17 December 2023	1 ZAR = 0.0728 CAD
18 December 2023	1 ZAR = 0.0732 CAD
19 December 2023	1 ZAR = 0.0721 CAD
20 December 2023	1 ZAR = 0.0728 CAD
21 December 2023	1 ZAR = 0.0732 CAD
22 December 2023	1 ZAR = 0.0731 CAD
23 December 2023	1 ZAR = 0.0720 CAD
24 December 2023	1 ZAR = 0.0719 CAD
25 December 2023	1 ZAR = 0.0718 CAD
26 December 2023	1 ZAR = 0.0718 CAD
27 December 2023	1 ZAR = 0.0708 CAD
28 December 2023	1 ZAR = 0.0720 CAD
29 December 2023	1 ZAR = 0.0713 CAD
30 December 2023	1 ZAR = 0.0724 CAD
31 December 2023	1 ZAR = 0.0724 CAD

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.

07/11/2013: Change in banknote design and security features

The Bank of Canada introduced new polymer banknotes with enhanced security features and redesigned motifs, replacing the paper-based notes in circulation since 1935.

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.

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.

15/08/1971: Canada switches to a floating exchange rate

Canada abandoned its fixed exchange rate system and adopted a floating exchange rate, allowing the value of the Canadian dollar to fluctuate in response to market forces.

14/09/1961: Introduction of the Rand

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

01/03/1950: Introduction of the Canadian dollar's decimalization

Canada adopted a decimal currency system, dividing the dollar into 100 cents, replacing the previous system based on pounds, shillings, and pence.

01/01/1933: Currency depreciation during the Great Depression

The Canadian dollar experienced significant depreciation during the Great Depression due to economic uncertainty and a decrease in international trade.

02/01/1914: Introduction of the Canadian Dollar Act

The Canadian Dollar Act established the Canadian dollar as the sole currency of Canada and gave the government control over its issuance.

01/01/1858: Introduction of the Canadian dollar

The Canadian pound was replaced by the Canadian dollar as the official currency of Canada, helping to unify the currency across the country.

01/01/1841: Introduction of the Canadian pound

The first Canadian currency was the Canadian pound, which was introduced to replace British pounds in the Province of Canada.

Historic South African rand Canadian dollar