Historic South African rand Canadian dollar

South African rand canadian dollar history for January 2024. The highest quote for this month is 0.072215 (01/01/2024) and the lowest 0.072585 (02/01/2024). The difference between high and low is -0.51.

ZAR CAD average rate for January 2024 is 0.07152, the change between 01/01/2024 and 31/01/2024 is +1.52 %.

01 January 20241 ZAR = 0.0725 CAD
02 January 20241 ZAR = 0.0724 CAD
03 January 20241 ZAR = 0.0718 CAD
04 January 20241 ZAR = 0.0715 CAD
05 January 20241 ZAR = 0.0715 CAD
06 January 20241 ZAR = 0.0715 CAD
07 January 20241 ZAR = 0.0715 CAD
08 January 20241 ZAR = 0.0716 CAD
09 January 20241 ZAR = 0.0719 CAD
10 January 20241 ZAR = 0.0718 CAD
11 January 20241 ZAR = 0.0718 CAD
12 January 20241 ZAR = 0.0718 CAD
13 January 20241 ZAR = 0.0721 CAD
14 January 20241 ZAR = 0.0721 CAD
15 January 20241 ZAR = 0.0721 CAD
16 January 20241 ZAR = 0.0720 CAD
17 January 20241 ZAR = 0.0712 CAD
18 January 20241 ZAR = 0.0708 CAD
19 January 20241 ZAR = 0.0713 CAD
20 January 20241 ZAR = 0.0706 CAD
21 January 20241 ZAR = 0.0706 CAD
22 January 20241 ZAR = 0.0707 CAD
23 January 20241 ZAR = 0.0702 CAD
24 January 20241 ZAR = 0.0711 CAD
25 January 20241 ZAR = 0.0716 CAD
26 January 20241 ZAR = 0.0714 CAD
27 January 20241 ZAR = 0.0716 CAD
28 January 20241 ZAR = 0.0716 CAD
29 January 20241 ZAR = 0.0717 CAD
30 January 20241 ZAR = 0.0714 CAD
31 January 20241 ZAR = 0.0714 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.
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