Historic South African rand Lebanese pound

South African rand lebanese pound history for October 2023. The highest quote for this month is 806.82 (31/10/2023) and the lowest 801.84 (31/10/2023). The difference between high and low is 0.62.

ZAR LBP average rate for October 2023 is 788.83464, the change between 01/10/2023 and 31/10/2023 is -0.19 %.

01 October 20231 ZAR = 794.9 LBP
02 October 20231 ZAR = 795.8 LBP
03 October 20231 ZAR = 780.8 LBP
04 October 20231 ZAR = 777.5 LBP
05 October 20231 ZAR = 776.4 LBP
06 October 20231 ZAR = 766.4 LBP
07 October 20231 ZAR = 777.4 LBP
09 October 20231 ZAR = 771.1 LBP
10 October 20231 ZAR = 783.1 LBP
11 October 20231 ZAR = 789.5 LBP
12 October 20231 ZAR = 796.0 LBP
13 October 20231 ZAR = 789.0 LBP
16 October 20231 ZAR = 790.6 LBP
17 October 20231 ZAR = 799.2 LBP
18 October 20231 ZAR = 798.1 LBP
19 October 20231 ZAR = 790.3 LBP
20 October 20231 ZAR = 789.4 LBP
21 October 20231 ZAR = 794.4 LBP
22 October 20231 ZAR = 790.2 LBP
23 October 20231 ZAR = 788.9 LBP
24 October 20231 ZAR = 791.8 LBP
25 October 20231 ZAR = 795.5 LBP
26 October 20231 ZAR = 784.5 LBP
27 October 20231 ZAR = 792.5 LBP
28 October 20231 ZAR = 795.3 LBP
29 October 20231 ZAR = 795.3 LBP
30 October 20231 ZAR = 797.2 LBP
31 October 20231 ZAR = 796.4 LBP

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.

17/10/2019: Protests against economic crisis

Mass protests erupted in Lebanon due to economic crisis, leading to further depreciation of the Lebanese pound.

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.

03/11/1997: Revaluation of the Lebanese pound

The Lebanese pound was revalued at a rate of 1,500 LBP = 1 USD, ending the fixed exchange rate with the US dollar.

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.

01/01/1986: Introduction of the parallel exchange market

The parallel exchange market was introduced in Lebanon, leading to a diverging exchange rate between the official and unofficial markets.

01/08/1982: Currency Decimalization

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

01/01/1976: Lebanese Civil War

The Lebanese Civil War began, causing significant economic instability and devaluation of the Lebanese pound.

14/09/1961: Introduction of the Rand

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

01/01/1961: Pegged to the US dollar

The Lebanese pound was pegged to the US dollar at an exchange rate of 1 LBP = 1.5 USD.

27/11/1941: Devaluation of the Lebanese pound

The Lebanese pound was devalued by 41.9% following the breakup of the French franc.

01/10/1920: Lebanese pound introduced

The Lebanese pound was introduced at a fixed exchange rate of 1 pound = 20 French francs during the French mandate period.
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