Historic South African rand Gambian dalasi

South African rand gambian dalasi history for March 2024. The highest quote for this month is 3.6205 (08/03/2024) and the lowest 3.6509 (08/03/2024). The difference between high and low is -0.84.

ZAR GMD average rate for March 2024 is 3.5884, the change between 01/03/2024 and 31/03/2024 is -2.04 %.

01 March 20241 ZAR = 3.543 GMD
04 March 20241 ZAR = 3.557 GMD
05 March 20241 ZAR = 3.565 GMD
06 March 20241 ZAR = 3.582 GMD
07 March 20241 ZAR = 3.619 GMD
08 March 20241 ZAR = 3.638 GMD
11 March 20241 ZAR = 3.615 GMD

11/01/2021: New polymer banknotes

Polymer banknotes are introduced in The Gambia for the first time, replacing the previous paper banknotes to enhance durability and security.

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.

06/08/2019: New family of banknotes

The Central Bank of The Gambia introduces a new family of Gambian dalasi banknotes with improved security features.

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.

16/06/1997: Introduction of the 25 dalasis note

A new 25-dalasis banknote is introduced, featuring the portrait of President Jammeh, to commemorate 25 years of his rule.

22/07/1996: Change of banknotes and coins

New banknotes and coins featuring the portrait of President Jammeh are introduced, replacing the previous designs.

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.

02/07/1987: Currency redenomination

The Gambian dalasi undergoes a redenomination, with 1 old dalasi being replaced by 10 new dalasis.

01/08/1982: Currency Decimalization

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

01/07/1977: Conversion to decimal currency

The Gambian dalasi is decimalized, with 1 dalasi being divided into 100 bututs.

27/07/1971: Introduction of the Gambian dalasi

The Gambian dalasi currency is introduced to replace the Gambian pound as the official currency of The Gambia.

14/09/1961: Introduction of the Rand

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