Historic South African rand Indonesian Rupiah

South African rand indonesian rupiah history for November 2023. The highest quote for this month is 858.36 (02/11/2023) and the lowest 860.86 (02/11/2023). The difference between high and low is -0.29.

ZAR IDR average rate for November 2023 is 839.98667, the change between 01/11/2023 and 30/11/2023 is +2.75 %.

01 November 20231 ZAR = 845.9 IDR
02 November 20231 ZAR = 861.9 IDR
03 November 20231 ZAR = 860.7 IDR
06 November 20231 ZAR = 853.2 IDR
07 November 20231 ZAR = 851.3 IDR
08 November 20231 ZAR = 853.3 IDR
09 November 20231 ZAR = 844.9 IDR
10 November 20231 ZAR = 842.4 IDR
11 November 20231 ZAR = 838.3 IDR
12 November 20231 ZAR = 837.8 IDR
13 November 20231 ZAR = 837.5 IDR
14 November 20231 ZAR = 839.0 IDR
15 November 20231 ZAR = 838.6 IDR
16 November 20231 ZAR = 852.0 IDR
17 November 20231 ZAR = 842.6 IDR
18 November 20231 ZAR = 843.2 IDR
19 November 20231 ZAR = 843.2 IDR
20 November 20231 ZAR = 840.0 IDR
21 November 20231 ZAR = 839.5 IDR
22 November 20231 ZAR = 833.1 IDR
23 November 20231 ZAR = 827.4 IDR
24 November 20231 ZAR = 823.9 IDR
26 November 20231 ZAR = 827.9 IDR
27 November 20231 ZAR = 828.4 IDR
28 November 20231 ZAR = 829.6 IDR
29 November 20231 ZAR = 821.6 IDR
30 November 20231 ZAR = 822.6 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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