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

South African rand hong kong dollar history for October 2023. The highest quote for this month is 0.41495 (30/10/2023) and the lowest 0.4192 (31/10/2023). The difference between high and low is -1.02.

ZAR HKD average rate for October 2023 is 0.4114, the change between 01/10/2023 and 31/10/2023 is -0.06 %.

01 October 2023	1 ZAR = 0.4150 HKD
02 October 2023	1 ZAR = 0.4148 HKD
03 October 2023	1 ZAR = 0.4077 HKD
04 October 2023	1 ZAR = 0.4059 HKD
05 October 2023	1 ZAR = 0.4052 HKD
06 October 2023	1 ZAR = 0.4014 HKD
07 October 2023	1 ZAR = 0.4059 HKD
08 October 2023	1 ZAR = 0.4060 HKD
09 October 2023	1 ZAR = 0.4046 HKD
10 October 2023	1 ZAR = 0.4091 HKD
11 October 2023	1 ZAR = 0.4115 HKD
12 October 2023	1 ZAR = 0.4157 HKD
13 October 2023	1 ZAR = 0.4115 HKD
16 October 2023	1 ZAR = 0.4124 HKD
17 October 2023	1 ZAR = 0.4164 HKD
18 October 2023	1 ZAR = 0.4163 HKD
19 October 2023	1 ZAR = 0.4126 HKD
20 October 2023	1 ZAR = 0.4117 HKD
21 October 2023	1 ZAR = 0.4144 HKD
22 October 2023	1 ZAR = 0.4121 HKD
23 October 2023	1 ZAR = 0.4125 HKD
24 October 2023	1 ZAR = 0.4128 HKD
25 October 2023	1 ZAR = 0.4116 HKD
26 October 2023	1 ZAR = 0.4090 HKD
27 October 2023	1 ZAR = 0.4131 HKD
28 October 2023	1 ZAR = 0.4147 HKD
29 October 2023	1 ZAR = 0.4147 HKD
30 October 2023	1 ZAR = 0.4168 HKD
31 October 2023	1 ZAR = 0.4152 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