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

South African rand ghana cedi history for October 2023. The highest quote for this month is 0.62956 (30/10/2023) and the lowest 0.63521 (31/10/2023). The difference between high and low is -0.9.

ZAR GHS average rate for October 2023 is 0.61649, the change between 01/10/2023 and 31/10/2023 is -2.79 %.

01 October 2023	1 ZAR = 0.6121 GHS
02 October 2023	1 ZAR = 0.6142 GHS
03 October 2023	1 ZAR = 0.6022 GHS
04 October 2023	1 ZAR = 0.6006 GHS
05 October 2023	1 ZAR = 0.6030 GHS
06 October 2023	1 ZAR = 0.5972 GHS
07 October 2023	1 ZAR = 0.6038 GHS
09 October 2023	1 ZAR = 0.6034 GHS
10 October 2023	1 ZAR = 0.6128 GHS
11 October 2023	1 ZAR = 0.6184 GHS
12 October 2023	1 ZAR = 0.6236 GHS
13 October 2023	1 ZAR = 0.6165 GHS
16 October 2023	1 ZAR = 0.6186 GHS
17 October 2023	1 ZAR = 0.6253 GHS
18 October 2023	1 ZAR = 0.6241 GHS
19 October 2023	1 ZAR = 0.6192 GHS
20 October 2023	1 ZAR = 0.6184 GHS
21 October 2023	1 ZAR = 0.6220 GHS
22 October 2023	1 ZAR = 0.6187 GHS
23 October 2023	1 ZAR = 0.6181 GHS
24 October 2023	1 ZAR = 0.6221 GHS
25 October 2023	1 ZAR = 0.6207 GHS
26 October 2023	1 ZAR = 0.6175 GHS
27 October 2023	1 ZAR = 0.6238 GHS
29 October 2023	1 ZAR = 0.6283 GHS
30 October 2023	1 ZAR = 0.6315 GHS
31 October 2023	1 ZAR = 0.6292 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