South African rand macedonian denar exchange rate history (ZAR MKD) October 2023

South African rand macedonian denar history for October 2023. The highest quote for this month is 3.0771 (28/10/2023) and the lowest 3.0831 (27/10/2023). The difference between high and low is -0.19.

ZAR MKD average rate for October 2023 is 3.04145, the change between 01/10/2023 and 31/10/2023 is +0.1 %.

01 October 2023	1 ZAR = 3.063 MKD
02 October 2023	1 ZAR = 3.028 MKD
03 October 2023	1 ZAR = 3.033 MKD
04 October 2023	1 ZAR = 3.023 MKD
05 October 2023	1 ZAR = 3.009 MKD
06 October 2023	1 ZAR = 2.968 MKD
07 October 2023	1 ZAR = 3.005 MKD
09 October 2023	1 ZAR = 2.949 MKD
10 October 2023	1 ZAR = 3.019 MKD
11 October 2023	1 ZAR = 3.030 MKD
12 October 2023	1 ZAR = 3.056 MKD
13 October 2023	1 ZAR = 3.049 MKD
16 October 2023	1 ZAR = 3.067 MKD
17 October 2023	1 ZAR = 3.085 MKD
18 October 2023	1 ZAR = 3.077 MKD
19 October 2023	1 ZAR = 3.060 MKD
20 October 2023	1 ZAR = 3.037 MKD
21 October 2023	1 ZAR = 3.076 MKD
22 October 2023	1 ZAR = 3.060 MKD
23 October 2023	1 ZAR = 3.040 MKD
24 October 2023	1 ZAR = 3.025 MKD
25 October 2023	1 ZAR = 3.032 MKD
26 October 2023	1 ZAR = 3.022 MKD
27 October 2023	1 ZAR = 3.053 MKD
28 October 2023	1 ZAR = 3.077 MKD
29 October 2023	1 ZAR = 3.077 MKD
30 October 2023	1 ZAR = 3.081 MKD
31 October 2023	1 ZAR = 3.060 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.

Historic South African rand Macedonian Denar