Historic South African rand Hong Kong dollar

South African rand hong kong dollar history for February 2024. The highest quote for this month is 0.4166 (01/02/2024) and the lowest 0.42198 (02/02/2024). The difference between high and low is -1.29.

ZAR HKD average rate for February 2024 is 0.41214, the change between 01/02/2024 and 29/02/2024 is +3.2 %.

01 February 20241 ZAR = 0.4200 HKD
02 February 20241 ZAR = 0.4212 HKD
03 February 20241 ZAR = 0.4138 HKD
04 February 20241 ZAR = 0.4141 HKD
05 February 20241 ZAR = 0.4142 HKD
06 February 20241 ZAR = 0.4106 HKD
07 February 20241 ZAR = 0.4157 HKD
08 February 20241 ZAR = 0.4137 HKD
09 February 20241 ZAR = 0.4124 HKD
10 February 20241 ZAR = 0.4111 HKD
11 February 20241 ZAR = 0.4107 HKD
12 February 20241 ZAR = 0.4121 HKD
13 February 20241 ZAR = 0.4137 HKD
14 February 20241 ZAR = 0.4099 HKD
15 February 20241 ZAR = 0.4109 HKD
16 February 20241 ZAR = 0.4129 HKD
17 February 20241 ZAR = 0.4151 HKD
18 February 20241 ZAR = 0.4150 HKD
19 February 20241 ZAR = 0.4154 HKD
20 February 20241 ZAR = 0.4130 HKD
21 February 20241 ZAR = 0.4137 HKD
22 February 20241 ZAR = 0.4139 HKD
23 February 20241 ZAR = 0.4085 HKD
24 February 20241 ZAR = 0.4059 HKD
25 February 20241 ZAR = 0.4053 HKD
26 February 20241 ZAR = 0.4053 HKD
27 February 20241 ZAR = 0.4072 HKD
28 February 20241 ZAR = 0.4103 HKD
29 February 20241 ZAR = 0.4066 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.
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