Historic South African rand Gibraltar pound

South African rand gibraltar pound history for January 2024. The highest quote for this month is 0.042798 (01/01/2024) and the lowest 0.043018 (02/01/2024). The difference between high and low is -0.51.

ZAR GIP average rate for January 2024 is 0.042, the change between 01/01/2024 and 31/01/2024 is +2.64 %.

01 January 20241 ZAR = 0.0430 GIP
02 January 20241 ZAR = 0.0433 GIP
03 January 20241 ZAR = 0.0426 GIP
04 January 20241 ZAR = 0.0421 GIP
05 January 20241 ZAR = 0.0421 GIP
08 January 20241 ZAR = 0.0421 GIP
09 January 20241 ZAR = 0.0423 GIP
10 January 20241 ZAR = 0.0422 GIP
11 January 20241 ZAR = 0.0421 GIP
12 January 20241 ZAR = 0.0420 GIP
15 January 20241 ZAR = 0.0422 GIP
16 January 20241 ZAR = 0.0424 GIP
17 January 20241 ZAR = 0.0417 GIP
18 January 20241 ZAR = 0.0414 GIP
19 January 20241 ZAR = 0.0416 GIP
22 January 20241 ZAR = 0.0413 GIP
23 January 20241 ZAR = 0.0411 GIP
24 January 20241 ZAR = 0.0414 GIP
25 January 20241 ZAR = 0.0416 GIP
26 January 20241 ZAR = 0.0416 GIP
29 January 20241 ZAR = 0.0420 GIP
30 January 20241 ZAR = 0.0420 GIP
31 January 20241 ZAR = 0.0418 GIP

01/10/2022: Transition to digital currency

Gibraltar announced the introduction of a digital currency pegged 1:1 to the Gibraltar pound, making it one of the first jurisdictions to do so.

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.

15/08/2019: Commencement of polymer £50 issuance

Polymer £50 banknotes were introduced, replacing the older paper £50 notes.

26/06/2018: New £100 banknote issued

A new £100 banknote featuring the image of Sir Joshua Hassan, first Chief Minister of Gibraltar, was issued.

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.

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.

06/11/1988: Introduction of polymer banknotes

Polymer banknotes were introduced in Gibraltar, enhancing durability and counterfeit resilience.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

15/02/1971: Currency tied to British pound

The Gibraltar pound became pegged to the British pound at a rate of 1:1, ensuring stability and ease of trade.

23/06/1969: Currency switch to decimalization

Gibraltar switched from the pound shilling pence system to a decimalized currency, with 100 pence equal to 1 pound.

14/09/1961: Introduction of the Rand

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

07/03/1927: Introduction of Gibraltar pound

The Gibraltar pound was first introduced as the official currency of Gibraltar, replacing the Spanish peseta.
ZAR GIP January 2024
ZAR GIP February 2024
ZAR GIP March 2024
ZAR GIP April 2024
ZAR GIP May 2024
ZAR GIP June 2024
ZAR GIP July 2024
ZAR GIP August 2024
ZAR GIP September 2024
ZAR GIP October 2024
ZAR GIP November 2024
ZAR GIP December 2024
ZAR GIP January 2025