Historic South African rand Japanese Yen

South African rand japanese yen history for February 2024. The highest quote for this month is 7.9698 (17/02/2024) and the lowest 7.9908 (21/02/2024). The difference between high and low is -0.26.

ZAR JPY average rate for February 2024 is 7.87899, the change between 01/02/2024 and 29/02/2024 is +0.92 %.

01 February 20241 ZAR = 7.90 JPY
02 February 20241 ZAR = 7.89 JPY
04 February 20241 ZAR = 7.85 JPY
05 February 20241 ZAR = 7.86 JPY
06 February 20241 ZAR = 7.80 JPY
07 February 20241 ZAR = 7.86 JPY
08 February 20241 ZAR = 7.84 JPY
09 February 20241 ZAR = 7.87 JPY
11 February 20241 ZAR = 7.84 JPY
12 February 20241 ZAR = 7.86 JPY
13 February 20241 ZAR = 7.91 JPY
14 February 20241 ZAR = 7.90 JPY
15 February 20241 ZAR = 7.91 JPY
16 February 20241 ZAR = 7.92 JPY
17 February 20241 ZAR = 7.97 JPY
18 February 20241 ZAR = 7.97 JPY
19 February 20241 ZAR = 7.97 JPY
20 February 20241 ZAR = 7.93 JPY
21 February 20241 ZAR = 7.93 JPY
22 February 20241 ZAR = 7.96 JPY
23 February 20241 ZAR = 7.86 JPY
24 February 20241 ZAR = 7.80 JPY
25 February 20241 ZAR = 7.79 JPY
26 February 20241 ZAR = 7.80 JPY
27 February 20241 ZAR = 7.84 JPY
28 February 20241 ZAR = 7.89 JPY
29 February 20241 ZAR = 7.83 JPY

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.

28/07/2016: Bank of Japan announces stimulus package

The Bank of Japan announced an aggressive stimulus package and negative interest rates, causing the Yen to depreciate against major currencies.

11/03/2011: Great East Japan Earthquake

The Tohoku earthquake and tsunami devastated Japan, leading to a decline in the Yen as reconstruction efforts strained the economy.

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.

15/09/2008: Lehman Brothers bankruptcy

The bankruptcy of Lehman Brothers triggered a global financial crisis, resulting in a surge in the value of the Yen as investors sought safe-haven assets.

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.

20/03/1995: Kobe earthquake

The Great Hanshin earthquake struck Kobe, causing significant damage to the Japanese economy and leading to a decline in the value of the Yen.

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.

22/09/1985: Plaza Accord

Japan, along with major economies, agreed to depreciate the value of the US dollar, leading to the appreciation of the Yen.

01/08/1982: Currency Decimalization

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

01/03/1973: Yen becomes a floating currency

The Yen lost its fixed exchange rate and started floating against major currencies following the collapse of the Bretton Woods system.

14/09/1961: Introduction of the Rand

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

15/12/1953: Yen is introduced

The Japanese Yen was first introduced as the official currency of Japan with the enactment of the Bank of Japan Act.
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