Historic South African rand Mexican peso

South African rand mexican peso history for February 2024. The highest quote for this month is 0.9205 (01/02/2024) and the lowest 0.9207 (01/02/2024). The difference between high and low is -0.02.

ZAR MXN average rate for February 2024 is 0.90049, the change between 01/02/2024 and 29/02/2024 is +4.05 %.

01 February 20241 ZAR = 0.9250 MXN
02 February 20241 ZAR = 0.9193 MXN
03 February 20241 ZAR = 0.9049 MXN
04 February 20241 ZAR = 0.9069 MXN
05 February 20241 ZAR = 0.9083 MXN
06 February 20241 ZAR = 0.8982 MXN
07 February 20241 ZAR = 0.9049 MXN
08 February 20241 ZAR = 0.9019 MXN
09 February 20241 ZAR = 0.9033 MXN
11 February 20241 ZAR = 0.8982 MXN
12 February 20241 ZAR = 0.8998 MXN
13 February 20241 ZAR = 0.9031 MXN
14 February 20241 ZAR = 0.9017 MXN
15 February 20241 ZAR = 0.8974 MXN
16 February 20241 ZAR = 0.8997 MXN
17 February 20241 ZAR = 0.9039 MXN
18 February 20241 ZAR = 0.9046 MXN
19 February 20241 ZAR = 0.9053 MXN
20 February 20241 ZAR = 0.8994 MXN
21 February 20241 ZAR = 0.9023 MXN
22 February 20241 ZAR = 0.9014 MXN
23 February 20241 ZAR = 0.8934 MXN
24 February 20241 ZAR = 0.8874 MXN
25 February 20241 ZAR = 0.8854 MXN
26 February 20241 ZAR = 0.8865 MXN
27 February 20241 ZAR = 0.8891 MXN
28 February 20241 ZAR = 0.8950 MXN
29 February 20241 ZAR = 0.8875 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.
ZAR MXN July 2023
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