Historic South African rand Georgian Lari

South African rand georgian lari history for January 2024. The highest quote for this month is 0.14604 (01/01/2024) and the lowest 0.14702 (02/01/2024). The difference between high and low is -0.67.

ZAR GEL average rate for January 2024 is 0.14233, the change between 01/01/2024 and 31/01/2024 is +2.96 %.

01 January 20241 ZAR = 0.1467 GEL
02 January 20241 ZAR = 0.1464 GEL
03 January 20241 ZAR = 0.1444 GEL
04 January 20241 ZAR = 0.1435 GEL
05 January 20241 ZAR = 0.1433 GEL
06 January 20241 ZAR = 0.1433 GEL
08 January 20241 ZAR = 0.1434 GEL
09 January 20241 ZAR = 0.1443 GEL
10 January 20241 ZAR = 0.1437 GEL
11 January 20241 ZAR = 0.1437 GEL
12 January 20241 ZAR = 0.1433 GEL
13 January 20241 ZAR = 0.1432 GEL
15 January 20241 ZAR = 0.1432 GEL
16 January 20241 ZAR = 0.1420 GEL
17 January 20241 ZAR = 0.1396 GEL
18 January 20241 ZAR = 0.1389 GEL
19 January 20241 ZAR = 0.1399 GEL
22 January 20241 ZAR = 0.1393 GEL
23 January 20241 ZAR = 0.1380 GEL
24 January 20241 ZAR = 0.1403 GEL
25 January 20241 ZAR = 0.1409 GEL
26 January 20241 ZAR = 0.1413 GEL
27 January 20241 ZAR = 0.1419 GEL
29 January 20241 ZAR = 0.1421 GEL
30 January 20241 ZAR = 0.1420 GEL
31 January 20241 ZAR = 0.1423 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.
ZAR GEL January 2024
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