Historic South African rand Egyptian Pound

South African rand egyptian pound history for February 2024. The highest quote for this month is 1.6476 (01/02/2024) and the lowest 1.6608 (02/02/2024). The difference between high and low is -0.8.

ZAR EGP average rate for February 2024 is 1.62705, the change between 01/02/2024 and 29/02/2024 is +3.21 %.

01 February 20241 ZAR = 1.659 EGP
02 February 20241 ZAR = 1.663 EGP
03 February 20241 ZAR = 1.632 EGP
04 February 20241 ZAR = 1.634 EGP
05 February 20241 ZAR = 1.645 EGP
06 February 20241 ZAR = 1.621 EGP
07 February 20241 ZAR = 1.641 EGP
08 February 20241 ZAR = 1.633 EGP
09 February 20241 ZAR = 1.628 EGP
12 February 20241 ZAR = 1.617 EGP
13 February 20241 ZAR = 1.633 EGP
14 February 20241 ZAR = 1.619 EGP
15 February 20241 ZAR = 1.622 EGP
16 February 20241 ZAR = 1.630 EGP
17 February 20241 ZAR = 1.637 EGP
18 February 20241 ZAR = 1.637 EGP
19 February 20241 ZAR = 1.633 EGP
20 February 20241 ZAR = 1.630 EGP
21 February 20241 ZAR = 1.635 EGP
22 February 20241 ZAR = 1.634 EGP
23 February 20241 ZAR = 1.613 EGP
24 February 20241 ZAR = 1.600 EGP
25 February 20241 ZAR = 1.603 EGP
26 February 20241 ZAR = 1.599 EGP
27 February 20241 ZAR = 1.609 EGP
28 February 20241 ZAR = 1.619 EGP
29 February 20241 ZAR = 1.605 EGP

03/11/2020: Economic Impact of COVID-19

The COVID-19 pandemic caused economic disruptions globally, affecting the Egyptian Pound's exchange rate and foreign reserves.

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.

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.

14/11/1999: Liberalization of Exchange Rate

The Egyptian government implemented a managed float exchange rate system, allowing the Pound to fluctuate based on market forces.

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.

12/08/1987: Introduction of New Egyptian Pound

A new Egyptian Pound banknote was introduced to combat counterfeiting and improve security features.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

14/09/1962: Devaluation of the Pound

The Egyptian government devalued the Pound by 55%, leading to a significant decrease in its value.

14/09/1961: Introduction of the Rand

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

23/07/1952: Overthrow of the Monarchy

The Egyptian monarchy was overthrown, leading to political and economic changes that affected the value of the Egyptian Pound.

02/05/1885: Establishment of Central Bank of Egypt

The Central Bank of Egypt was established to regulate the currency and banking system in Egypt.

29/07/1834: Introduction of Egyptian Pound

The Egyptian Pound was introduced as the official currency of Egypt, replacing the piastre.
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