Historic South African rand Mexican peso

South African rand mexican peso history for January 2024. The highest quote for this month is 0.9246 (01/01/2024) and the lowest 0.9285 (01/01/2024). The difference between high and low is -0.42.

ZAR MXN average rate for January 2024 is 0.90957, the change between 01/01/2024 and 31/01/2024 is +1.63 %.

01 January 20241 ZAR = 0.9285 MXN
02 January 20241 ZAR = 0.9269 MXN
03 January 20241 ZAR = 0.9172 MXN
04 January 20241 ZAR = 0.9110 MXN
05 January 20241 ZAR = 0.9102 MXN
06 January 20241 ZAR = 0.9026 MXN
07 January 20241 ZAR = 0.9023 MXN
08 January 20241 ZAR = 0.9042 MXN
09 January 20241 ZAR = 0.9068 MXN
10 January 20241 ZAR = 0.9103 MXN
11 January 20241 ZAR = 0.9114 MXN
12 January 20241 ZAR = 0.9065 MXN
14 January 20241 ZAR = 0.9069 MXN
15 January 20241 ZAR = 0.9066 MXN
16 January 20241 ZAR = 0.9054 MXN
17 January 20241 ZAR = 0.9071 MXN
18 January 20241 ZAR = 0.9011 MXN
19 January 20241 ZAR = 0.9074 MXN
21 January 20241 ZAR = 0.9016 MXN
22 January 20241 ZAR = 0.8992 MXN
23 January 20241 ZAR = 0.8948 MXN
24 January 20241 ZAR = 0.9150 MXN
25 January 20241 ZAR = 0.9129 MXN
26 January 20241 ZAR = 0.9104 MXN
27 January 20241 ZAR = 0.9124 MXN
28 January 20241 ZAR = 0.9131 MXN
29 January 20241 ZAR = 0.9153 MXN
30 January 20241 ZAR = 0.9170 MXN
31 January 20241 ZAR = 0.9134 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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