Historic South African rand Macedonian Denar

South African rand macedonian denar history for January 2024. The highest quote for this month is 3.0183 (01/01/2024) and the lowest 3.0365 (02/01/2024). The difference between high and low is -0.6.

ZAR MKD average rate for January 2024 is 2.98541, the change between 01/01/2024 and 31/01/2024 is +0.82 %.

01 January 20241 ZAR = 3.028 MKD
02 January 20241 ZAR = 3.024 MKD
03 January 20241 ZAR = 3.008 MKD
04 January 20241 ZAR = 2.999 MKD
05 January 20241 ZAR = 2.985 MKD
06 January 20241 ZAR = 2.996 MKD
07 January 20241 ZAR = 2.996 MKD
08 January 20241 ZAR = 2.962 MKD
09 January 20241 ZAR = 3.004 MKD
10 January 20241 ZAR = 2.997 MKD
11 January 20241 ZAR = 2.987 MKD
12 January 20241 ZAR = 2.984 MKD
14 January 20241 ZAR = 3.003 MKD
15 January 20241 ZAR = 2.993 MKD
16 January 20241 ZAR = 2.992 MKD
17 January 20241 ZAR = 2.961 MKD
18 January 20241 ZAR = 2.946 MKD
19 January 20241 ZAR = 2.967 MKD
22 January 20241 ZAR = 2.922 MKD
23 January 20241 ZAR = 2.925 MKD
24 January 20241 ZAR = 2.980 MKD
25 January 20241 ZAR = 2.972 MKD
26 January 20241 ZAR = 2.983 MKD
28 January 20241 ZAR = 3.010 MKD
29 January 20241 ZAR = 2.975 MKD
30 January 20241 ZAR = 3.006 MKD
31 January 20241 ZAR = 3.004 MKD

01/07/2020: Euro as legal tender

North Macedonia officially adopted the Euro as its currency, replacing the Macedonian Denar for all monetary transactions.

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.

15/05/2018: Denar's symbol adoption

The official symbol for the Macedonian Denar (den) was adopted, representing the currency in both domestic and international transactions.

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.

10/10/2005: Denar's full Euro peg

The Macedonian Denar was fully pegged to the Euro at a fixed exchange rate of 61.5 Denars to 1 Euro.

29/04/2003: Replacement of banknotes

New series of banknotes with enhanced security features were introduced, replacing the older versions.

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.

05/11/2001: Denar's devaluation

Due to the political crisis in Macedonia, the Denar underwent a significant devaluation, losing around 40% of its value against the Euro.

15/05/1995: Denar's peg to the German Mark

The Macedonian Denar was pegged to the German Mark at a rate of 1 Denar to 1.5 Deutsche Mark, establishing a stable exchange rate.

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.

26/11/1992: Introduction of the Macedonian Denar

The Macedonian Denar was introduced as the official currency of the Republic of Macedonia following its declaration of independence from Yugoslavia.

01/08/1982: Currency Decimalization

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

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.
ZAR MKD July 2023
ZAR MKD August 2023
ZAR MKD September 2023
ZAR MKD October 2023
ZAR MKD November 2023
ZAR MKD December 2023
ZAR MKD January 2024
ZAR MKD February 2024
ZAR MKD March 2024
ZAR MKD April 2024
ZAR MKD May 2024
ZAR MKD June 2024
ZAR MKD July 2024