Historic South African rand Indonesian Rupiah

South African rand indonesian rupiah history for February 2024. The highest quote for this month is 841.23 (01/02/2024) and the lowest 846.22 (01/02/2024). The difference between high and low is -0.59.

ZAR IDR average rate for February 2024 is 824.73107, the change between 01/02/2024 and 29/02/2024 is +3.67 %.

01 February 20241 ZAR = 847.2 IDR
02 February 20241 ZAR = 847.1 IDR
03 February 20241 ZAR = 828.3 IDR
04 February 20241 ZAR = 829.0 IDR
05 February 20241 ZAR = 832.9 IDR
06 February 20241 ZAR = 824.8 IDR
07 February 20241 ZAR = 836.1 IDR
08 February 20241 ZAR = 827.9 IDR
09 February 20241 ZAR = 825.7 IDR
10 February 20241 ZAR = 821.8 IDR
12 February 20241 ZAR = 822.0 IDR
13 February 20241 ZAR = 824.4 IDR
14 February 20241 ZAR = 821.0 IDR
15 February 20241 ZAR = 817.4 IDR
16 February 20241 ZAR = 827.5 IDR
17 February 20241 ZAR = 828.6 IDR
18 February 20241 ZAR = 830.6 IDR
19 February 20241 ZAR = 830.2 IDR
20 February 20241 ZAR = 825.5 IDR
21 February 20241 ZAR = 828.3 IDR
22 February 20241 ZAR = 827.8 IDR
23 February 20241 ZAR = 814.1 IDR
24 February 20241 ZAR = 808.7 IDR
25 February 20241 ZAR = 807.5 IDR
26 February 20241 ZAR = 807.3 IDR
27 February 20241 ZAR = 814.0 IDR
28 February 20241 ZAR = 820.8 IDR
29 February 20241 ZAR = 816.1 IDR

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.

04/03/2020: Rupiah Hits Lowest Point

The Rupiah reached its weakest level against the US dollar since the 1998 financial crisis, reflecting global economic uncertainty and the impact of the COVID-19 pandemic.

27/07/2015: New Banknotes and Coins

The Bank of Indonesia introduced a new series of banknotes and coins with enhanced security features and updated designs to commemorate the country's achievements.

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.

20/05/1998: Revaluation of Rupiah

As a response to the financial crisis, the Indonesian government revalued the Rupiah by removing three zeros from the currency, aiming to stabilize its value.

01/07/1997: Asian Financial Crisis

Indonesia, along with other Southeast Asian nations, experienced a severe currency crisis as the Rupiah plummeted in value against the US dollar, leading to economic turmoil.

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.

01/08/1982: Currency Decimalization

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

29/11/1965: New Rupiah Symbol

The official symbol for the Rupiah (Rp) was introduced, replacing the previous abbreviation of 'Rp.' This symbol is still in use today.

14/09/1961: Introduction of the Rand

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

31/05/1952: Currency Exchange Law

The Currency Exchange Law was enacted, establishing a fixed exchange rate for the Rupiah against the Dutch guilder, marking a significant milestone in the currency's stability.

26/12/1949: Independence of Indonesia

Following Indonesia's independence from the Netherlands, the Rupiah was introduced as the official currency of the newly formed republic.
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