South African rand ghana cedi exchange rate history (ZAR GHS) August 2023

South African rand ghana cedi history for August 2023. The highest quote for this month is 0.62483 (01/08/2023) and the lowest 0.6248 (01/08/2023). The difference between high and low is 0.

ZAR GHS average rate for August 2023 is 0.59747, the change between 01/08/2023 and 31/08/2023 is +2.22 %.

01 August 2023	1 ZAR = 0.6245 GHS
02 August 2023	1 ZAR = 0.6086 GHS
03 August 2023	1 ZAR = 0.6097 GHS
04 August 2023	1 ZAR = 0.5902 GHS
07 August 2023	1 ZAR = 0.6077 GHS
08 August 2023	1 ZAR = 0.5961 GHS
09 August 2023	1 ZAR = 0.5910 GHS
10 August 2023	1 ZAR = 0.5881 GHS
11 August 2023	1 ZAR = 0.5953 GHS
12 August 2023	1 ZAR = 0.5809 GHS
14 August 2023	1 ZAR = 0.5916 GHS
15 August 2023	1 ZAR = 0.5744 GHS
16 August 2023	1 ZAR = 0.5748 GHS
17 August 2023	1 ZAR = 0.5841 GHS
18 August 2023	1 ZAR = 0.5879 GHS
20 August 2023	1 ZAR = 0.5925 GHS
21 August 2023	1 ZAR = 0.5938 GHS
22 August 2023	1 ZAR = 0.5919 GHS
23 August 2023	1 ZAR = 0.5967 GHS
24 August 2023	1 ZAR = 0.6069 GHS
25 August 2023	1 ZAR = 0.6014 GHS
28 August 2023	1 ZAR = 0.6087 GHS
29 August 2023	1 ZAR = 0.6132 GHS
30 August 2023	1 ZAR = 0.6166 GHS
31 August 2023	1 ZAR = 0.6106 GHS

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.

16/09/2019: Ghana Goes Cashless

The government launched the Ghana.Gov payment platform, aimed at promoting electronic payments and reducing cash transactions.

05/07/2012: GHS Symbol Change

The Bank of Ghana introduced a new currency symbol for the cedi, changing it from GHȼ to GHS.

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.

03/07/2007: Decimals Dropped

The Bank of Ghana dropped four decimal places, making 1 new Ghanaian cedi = 1 GHȼ.

01/07/2002: Replacement of New Cedi

The new Ghanaian cedi, denoted as GHC, replaced the second cedi at a rate of 1 cedi = 10,000 cedis.

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.

17/07/1978: Second Cedi Introduced

Due to high inflation, the second Ghanaian cedi was introduced with a new currency code, GHS.

19/07/1965: Cedi Introduced

The Ghanaian pound was replaced by the Ghanaian cedi at a rate of 1 pound = 2.4 cedis, symbolizing economic independence.

14/09/1961: Introduction of the Rand

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

06/03/1957: Ghana's Independence

Ghana gained independence from British colonial rule, leading to the introduction of the Ghanaian pound as its currency.

Historic South African rand Ghana Cedi