South African rand mexican peso exchange rate history (ZAR MXN) December 2023

South African rand mexican peso history for December 2023. The highest quote for this month is 0.9415 (15/12/2023) and the lowest 0.9478 (15/12/2023). The difference between high and low is -0.67.

ZAR MXN average rate for December 2023 is 0.92413, the change between 01/12/2023 and 31/12/2023 is -0.6 %.

01 December 2023	1 ZAR = 0.9224 MXN
02 December 2023	1 ZAR = 0.9213 MXN
03 December 2023	1 ZAR = 0.9213 MXN
04 December 2023	1 ZAR = 0.9247 MXN
05 December 2023	1 ZAR = 0.9285 MXN
06 December 2023	1 ZAR = 0.9161 MXN
07 December 2023	1 ZAR = 0.9118 MXN
08 December 2023	1 ZAR = 0.9291 MXN
10 December 2023	1 ZAR = 0.9133 MXN
11 December 2023	1 ZAR = 0.9176 MXN
12 December 2023	1 ZAR = 0.9107 MXN
13 December 2023	1 ZAR = 0.9144 MXN
14 December 2023	1 ZAR = 0.9255 MXN
15 December 2023	1 ZAR = 0.9387 MXN
16 December 2023	1 ZAR = 0.9376 MXN
17 December 2023	1 ZAR = 0.9397 MXN
18 December 2023	1 ZAR = 0.9417 MXN
19 December 2023	1 ZAR = 0.9239 MXN
20 December 2023	1 ZAR = 0.9310 MXN
21 December 2023	1 ZAR = 0.9387 MXN
22 December 2023	1 ZAR = 0.9377 MXN
23 December 2023	1 ZAR = 0.9200 MXN
24 December 2023	1 ZAR = 0.9215 MXN
25 December 2023	1 ZAR = 0.9194 MXN
26 December 2023	1 ZAR = 0.9203 MXN
27 December 2023	1 ZAR = 0.9102 MXN
28 December 2023	1 ZAR = 0.9218 MXN
29 December 2023	1 ZAR = 0.9130 MXN
31 December 2023	1 ZAR = 0.9279 MXN

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.

20/06/2012: Mexican Peso Becomes the Most Traded Emerging Market Currency

The Mexican peso surpassed the Brazilian real to become the most traded currency among emerging markets, reflecting Mexico's growing economic importance.

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.

01/01/2003: Introduction of the New Peso Symbol

The Mexican peso adopted a new symbol, replacing the old symbol (₱) with a capital 'P' with double horizontal lines (MXN) to symbolize the currency.

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.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

20/12/1994: Tequila Crisis

Mexico experienced a severe economic crisis and an abrupt devaluation of the peso as a result of the devaluation of the Thai baht, causing investors to flee emerging markets.

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.

01/01/1993: Implementation of the North American Free Trade Agreement (NAFTA)

NAFTA came into effect, promoting trade and investment between Mexico, the United States, and Canada, leading to increased stability and growth in the Mexican economy.

06/07/1988: Introduction of the New Peso

Due to hyperinflation and currency devaluation, Mexico introduced a new currency, called the New Peso, where 1000 old pesos were replaced by 1 new peso.

12/08/1982: Mexican Debt Crisis

Mexico defaulted on its external debt, leading to a sharp devaluation of the peso and a severe economic crisis, requiring an emergency loan from the International Monetary Fund (IMF).

01/08/1982: Currency Decimalization

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

13/08/1970: Devaluation of the Peso

In response to global inflation, the Mexican government devalued the peso by 20% against the US dollar, leading to economic instability and a decline in purchasing power.

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 Mexican peso