South African rand guyanese dollar exchange rate history (ZAR GYD) October 2023

South African rand guyanese dollar history for October 2023. The highest quote for this month is 11.027 (28/10/2023) and the lowest 11.032 (21/10/2023). The difference between high and low is -0.05.

ZAR GYD average rate for October 2023 is 10.60404, the change between 01/10/2023 and 31/10/2023 is +3.85 %.

01 October 2023	1 ZAR = 11.02 GYD
02 October 2023	1 ZAR = 10.61 GYD
03 October 2023	1 ZAR = 10.40 GYD
04 October 2023	1 ZAR = 10.37 GYD
05 October 2023	1 ZAR = 10.32 GYD
06 October 2023	1 ZAR = 10.21 GYD
07 October 2023	1 ZAR = 10.80 GYD
09 October 2023	1 ZAR = 10.27 GYD
10 October 2023	1 ZAR = 10.44 GYD
11 October 2023	1 ZAR = 10.52 GYD
12 October 2023	1 ZAR = 10.64 GYD
13 October 2023	1 ZAR = 10.51 GYD
16 October 2023	1 ZAR = 10.53 GYD
17 October 2023	1 ZAR = 10.64 GYD
18 October 2023	1 ZAR = 10.63 GYD
19 October 2023	1 ZAR = 10.54 GYD
20 October 2023	1 ZAR = 10.60 GYD
21 October 2023	1 ZAR = 11.03 GYD
22 October 2023	1 ZAR = 10.97 GYD
23 October 2023	1 ZAR = 10.52 GYD
24 October 2023	1 ZAR = 10.55 GYD
25 October 2023	1 ZAR = 10.51 GYD
26 October 2023	1 ZAR = 10.45 GYD
27 October 2023	1 ZAR = 10.55 GYD
28 October 2023	1 ZAR = 11.03 GYD
29 October 2023	1 ZAR = 11.03 GYD
30 October 2023	1 ZAR = 10.63 GYD
31 October 2023	1 ZAR = 10.60 GYD

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.

01/01/2020: Transition to Polymer Banknotes

Polymer banknotes were introduced in Guyana, enhancing the durability and security features of the Guyanese dollar.

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.

03/02/2003: Redenomination of the Currency

The Guyanese dollar underwent a redenomination, with old banknotes replaced by new notes at a rate of 1,000 old dollars to 1 new dollar.

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.

05/10/1992: Resumption of Banking System

The resumption of the banking system in Guyana significantly improved the stability and accessibility of the Guyanese dollar.

01/08/1982: Currency Decimalization

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

26/05/1966: Independence of Guyana

Following Guyana's independence from Britain, the currency was renamed from British Guiana dollar to Guyanese dollar.

14/09/1961: Introduction of the Rand

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

12/09/1951: Currency Board Established

A Currency Board was established to manage the British Guiana dollar, ensuring its stability and convertibility.

06/08/1917: Currency Act of 1917

The British Guiana dollar was revalued at a rate of 4.80 dollars to 1 U.S. dollar, following the Currency Act of 1917.

18/01/1839: Introduction of the British Guiana dollar

British Guiana dollar introduced as the official currency of British Guiana, replacing the Spanish and Portuguese coins previously in circulation.

Historic South African rand Guyanese dollar