Historic South African rand Ghana Cedi

South African rand ghana cedi history for February 2024. The highest quote for this month is 0.66005 (21/02/2024) and the lowest 0.66653 (21/02/2024). The difference between high and low is -0.98.

ZAR GHS average rate for February 2024 is 0.6546, the change between 01/02/2024 and 29/02/2024 is +1.28 %.

01 February 20241 ZAR = 0.6608 GHS
02 February 20241 ZAR = 0.6652 GHS
03 February 20241 ZAR = 0.6529 GHS
04 February 20241 ZAR = 0.6535 GHS
05 February 20241 ZAR = 0.6602 GHS
06 February 20241 ZAR = 0.6492 GHS
07 February 20241 ZAR = 0.6563 GHS
08 February 20241 ZAR = 0.6535 GHS
09 February 20241 ZAR = 0.6527 GHS
12 February 20241 ZAR = 0.6520 GHS
13 February 20241 ZAR = 0.6561 GHS
14 February 20241 ZAR = 0.6505 GHS
15 February 20241 ZAR = 0.6517 GHS
16 February 20241 ZAR = 0.6552 GHS
17 February 20241 ZAR = 0.6581 GHS
18 February 20241 ZAR = 0.6581 GHS
19 February 20241 ZAR = 0.6612 GHS
20 February 20241 ZAR = 0.6582 GHS
21 February 20241 ZAR = 0.6569 GHS
22 February 20241 ZAR = 0.6615 GHS
23 February 20241 ZAR = 0.6450 GHS
24 February 20241 ZAR = 0.6485 GHS
25 February 20241 ZAR = 0.6475 GHS
26 February 20241 ZAR = 0.6483 GHS
27 February 20241 ZAR = 0.6506 GHS
28 February 20241 ZAR = 0.6581 GHS
29 February 20241 ZAR = 0.6524 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.
ZAR GHS July 2023
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