South African rand indonesian rupiah exchange rate history (ZAR IDR) October 2023

South African rand indonesian rupiah history for October 2023. The highest quote for this month is 845.19 (30/10/2023) and the lowest 849.24 (31/10/2023). The difference between high and low is -0.48.

ZAR IDR average rate for October 2023 is 828.06214, the change between 01/10/2023 and 31/10/2023 is -2.74 %.

01 October 2023	1 ZAR = 818.7 IDR
02 October 2023	1 ZAR = 818.3 IDR
03 October 2023	1 ZAR = 807.6 IDR
04 October 2023	1 ZAR = 809.5 IDR
05 October 2023	1 ZAR = 807.0 IDR
06 October 2023	1 ZAR = 801.3 IDR
07 October 2023	1 ZAR = 808.7 IDR
09 October 2023	1 ZAR = 806.1 IDR
10 October 2023	1 ZAR = 819.9 IDR
11 October 2023	1 ZAR = 827.3 IDR
12 October 2023	1 ZAR = 834.3 IDR
13 October 2023	1 ZAR = 827.9 IDR
16 October 2023	1 ZAR = 826.3 IDR
17 October 2023	1 ZAR = 834.9 IDR
18 October 2023	1 ZAR = 836.9 IDR
19 October 2023	1 ZAR = 833.2 IDR
20 October 2023	1 ZAR = 834.5 IDR
21 October 2023	1 ZAR = 840.5 IDR
22 October 2023	1 ZAR = 835.1 IDR
23 October 2023	1 ZAR = 836.5 IDR
24 October 2023	1 ZAR = 837.6 IDR
25 October 2023	1 ZAR = 834.7 IDR
26 October 2023	1 ZAR = 830.1 IDR
27 October 2023	1 ZAR = 840.9 IDR
28 October 2023	1 ZAR = 844.8 IDR
29 October 2023	1 ZAR = 844.8 IDR
30 October 2023	1 ZAR = 847.5 IDR
31 October 2023	1 ZAR = 841.2 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.

Historic South African rand Indonesian Rupiah