Historic South African rand Georgian Lari

South African rand georgian lari history for February 2024. The highest quote for this month is 0.14231 (01/02/2024) and the lowest 0.14397 (02/02/2024). The difference between high and low is -1.17.

ZAR GEL average rate for February 2024 is 0.13948, the change between 01/02/2024 and 29/02/2024 is +4.09 %.

01 February 20241 ZAR = 0.1435 GEL
02 February 20241 ZAR = 0.1437 GEL
03 February 20241 ZAR = 0.1407 GEL
05 February 20241 ZAR = 0.1408 GEL
06 February 20241 ZAR = 0.1394 GEL
07 February 20241 ZAR = 0.1409 GEL
08 February 20241 ZAR = 0.1402 GEL
09 February 20241 ZAR = 0.1396 GEL
10 February 20241 ZAR = 0.1390 GEL
12 February 20241 ZAR = 0.1394 GEL
13 February 20241 ZAR = 0.1398 GEL
14 February 20241 ZAR = 0.1385 GEL
15 February 20241 ZAR = 0.1387 GEL
16 February 20241 ZAR = 0.1391 GEL
17 February 20241 ZAR = 0.1397 GEL
19 February 20241 ZAR = 0.1399 GEL
20 February 20241 ZAR = 0.1391 GEL
21 February 20241 ZAR = 0.1395 GEL
22 February 20241 ZAR = 0.1397 GEL
23 February 20241 ZAR = 0.1379 GEL
24 February 20241 ZAR = 0.1371 GEL
26 February 20241 ZAR = 0.1369 GEL
27 February 20241 ZAR = 0.1375 GEL
28 February 20241 ZAR = 0.1388 GEL
29 February 20241 ZAR = 0.1377 GEL

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.

13/03/2020: COVID-19 Impact

The outbreak of the COVID-19 pandemic caused global economic uncertainty, leading to a decline in the value of the Georgian Lari and affecting the country's financial stability.

25/01/2016: Currency Restructuring

The National Bank of Georgia implemented currency restructuring measures to stabilize the value of the Lari and restore confidence in the national currency.

10/03/2011: Lari Depreciation

The Georgian Lari experienced a sharp depreciation, reaching a record low against the U.S. dollar, due to various economic factors and a global financial crisis.

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.

13/08/2008: Russian Invasion

During the Russo-Georgian War, the Georgian Lari faced significant devaluation due to the economic and political instability caused by the invasion.

01/01/2002: Euro Conversion Rate

The conversion rate of 1 Euro = 1936.27 GEL was fixed, as Georgia adopted the Euro as its main reference currency.

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.

27/04/1999: Introduction of New Lari

The New Lari was introduced as the second and current official currency of Georgia, replacing the old Lari at a rate of 1 New Lari = 1,000 old Lari.

25/07/1995: Introduction of the Lari

The Georgian Lari was introduced as the official currency of Georgia, replacing the Russian ruble at a rate of 1 Lari = 1 million rubles.

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.

14/09/1961: Introduction of the Rand

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