South African rand hong kong dollar exchange rate history (ZAR HKD) December 2023

South African rand hong kong dollar history for December 2023. The highest quote for this month is 0.42711 (30/12/2023) and the lowest 0.43437 (25/12/2023). The difference between high and low is -1.7.

ZAR HKD average rate for December 2023 is 0.42047, the change between 01/12/2023 and 31/12/2023 is -3.02 %.

01 December 2023	1 ZAR = 0.4146 HKD
02 December 2023	1 ZAR = 0.4193 HKD
03 December 2023	1 ZAR = 0.4193 HKD
04 December 2023	1 ZAR = 0.4204 HKD
05 December 2023	1 ZAR = 0.4158 HKD
06 December 2023	1 ZAR = 0.4126 HKD
07 December 2023	1 ZAR = 0.4120 HKD
08 December 2023	1 ZAR = 0.4154 HKD
10 December 2023	1 ZAR = 0.4115 HKD
11 December 2023	1 ZAR = 0.4131 HKD
12 December 2023	1 ZAR = 0.4093 HKD
13 December 2023	1 ZAR = 0.4127 HKD
14 December 2023	1 ZAR = 0.4188 HKD
15 December 2023	1 ZAR = 0.4263 HKD
16 December 2023	1 ZAR = 0.4253 HKD
17 December 2023	1 ZAR = 0.4253 HKD
18 December 2023	1 ZAR = 0.4267 HKD
19 December 2023	1 ZAR = 0.4196 HKD
20 December 2023	1 ZAR = 0.4256 HKD
21 December 2023	1 ZAR = 0.4277 HKD
22 December 2023	1 ZAR = 0.4300 HKD
23 December 2023	1 ZAR = 0.4236 HKD
24 December 2023	1 ZAR = 0.4236 HKD
25 December 2023	1 ZAR = 0.4229 HKD
26 December 2023	1 ZAR = 0.4234 HKD
27 December 2023	1 ZAR = 0.4186 HKD
28 December 2023	1 ZAR = 0.4257 HKD
29 December 2023	1 ZAR = 0.4207 HKD
30 December 2023	1 ZAR = 0.4271 HKD
31 December 2023	1 ZAR = 0.4271 HKD

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

18/05/2005: Removal of Ten Hong Kong Dollars Note

The Hong Kong Monetary Authority announced the removal of the HKD 10 paper note from circulation, encouraging the usage of electronic payment methods and reducing printing costs.

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.

01/07/1997: Hong Kong's Handover to China

Hong Kong was officially handed over to China, marking the end of British colonial rule but maintaining the Hong Kong Dollar as its currency under the 'one country, two systems' principle.

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.

17/10/1991: Linked Exchange Rate System

The Linked Exchange Rate System (LERS) was implemented, establishing a narrow trading range of HKD 7.75 to 7.85 against the U.S. Dollar, backed by stringent measures to maintain stability.

31/12/1983: Joint Declaration on the Future of Hong Kong

The Sino-British Joint Declaration was signed, affirming Hong Kong's return to China in 1997 and ensuring the continuity of the Hong Kong Dollar as its official currency.

01/08/1982: Currency Decimalization

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

22/05/1972: Pegging to the U.S. Dollar

As the British Pound faced pressures in the foreign exchange market, Hong Kong decided to switch the peg to the U.S. Dollar at a rate of HKD 5.65 to USD 1.

14/09/1961: Introduction of the Rand

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

12/09/1935: Pegging to the Sterling

The Hong Kong Dollar was pegged to the British Pound (Sterling) at a fixed exchange rate of HKD 16 to GBP 1, which helped stabilize the currency.

01/01/1863: Introduction of the Hong Kong Dollar

The Hong Kong Dollar was first introduced as an official currency by the British colonial government to facilitate trade and commerce in Hong Kong.

Historic South African rand Hong Kong dollar