South African rand canadian dollar exchange rate history (ZAR CAD) February 2024

South African rand canadian dollar history for February 2024. The highest quote for this month is 0.07171 (01/02/2024) and the lowest 0.072139 (02/02/2024). The difference between high and low is -0.6.

ZAR CAD average rate for February 2024 is 0.07107, the change between 01/02/2024 and 29/02/2024 is +2.3 %.

01 February 2024	1 ZAR = 0.0722 CAD
02 February 2024	1 ZAR = 0.0721 CAD
03 February 2024	1 ZAR = 0.0712 CAD
04 February 2024	1 ZAR = 0.0712 CAD
05 February 2024	1 ZAR = 0.0713 CAD
06 February 2024	1 ZAR = 0.0711 CAD
07 February 2024	1 ZAR = 0.0717 CAD
08 February 2024	1 ZAR = 0.0712 CAD
09 February 2024	1 ZAR = 0.0710 CAD
10 February 2024	1 ZAR = 0.0708 CAD
11 February 2024	1 ZAR = 0.0706 CAD
12 February 2024	1 ZAR = 0.0709 CAD
13 February 2024	1 ZAR = 0.0712 CAD
14 February 2024	1 ZAR = 0.0711 CAD
15 February 2024	1 ZAR = 0.0711 CAD
16 February 2024	1 ZAR = 0.0711 CAD
17 February 2024	1 ZAR = 0.0716 CAD
18 February 2024	1 ZAR = 0.0716 CAD
19 February 2024	1 ZAR = 0.0716 CAD
20 February 2024	1 ZAR = 0.0713 CAD
21 February 2024	1 ZAR = 0.0715 CAD
22 February 2024	1 ZAR = 0.0714 CAD
23 February 2024	1 ZAR = 0.0704 CAD
24 February 2024	1 ZAR = 0.0701 CAD
25 February 2024	1 ZAR = 0.0699 CAD
26 February 2024	1 ZAR = 0.0700 CAD
27 February 2024	1 ZAR = 0.0703 CAD
28 February 2024	1 ZAR = 0.0710 CAD
29 February 2024	1 ZAR = 0.0705 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