South African rand omani rial exchange rate history (ZAR OMR) August 2023

South African rand omani rial history for August 2023. The highest quote for this month is 0.021001 (01/08/2023) and the lowest 0.021495 (01/08/2023). The difference between high and low is -2.35.

ZAR OMR average rate for August 2023 is 0.02044, the change between 01/08/2023 and 31/08/2023 is +4.48 %.

01 August 2023	1 ZAR = 0.0215 OMR
02 August 2023	1 ZAR = 0.0210 OMR
03 August 2023	1 ZAR = 0.0208 OMR
04 August 2023	1 ZAR = 0.0206 OMR
07 August 2023	1 ZAR = 0.0208 OMR
08 August 2023	1 ZAR = 0.0205 OMR
09 August 2023	1 ZAR = 0.0203 OMR
10 August 2023	1 ZAR = 0.0202 OMR
11 August 2023	1 ZAR = 0.0204 OMR
12 August 2023	1 ZAR = 0.0203 OMR
14 August 2023	1 ZAR = 0.0197 OMR
15 August 2023	1 ZAR = 0.0201 OMR
16 August 2023	1 ZAR = 0.0200 OMR
17 August 2023	1 ZAR = 0.0200 OMR
18 August 2023	1 ZAR = 0.0201 OMR
20 August 2023	1 ZAR = 0.0203 OMR
21 August 2023	1 ZAR = 0.0196 OMR
22 August 2023	1 ZAR = 0.0203 OMR
23 August 2023	1 ZAR = 0.0204 OMR
24 August 2023	1 ZAR = 0.0208 OMR
25 August 2023	1 ZAR = 0.0204 OMR
28 August 2023	1 ZAR = 0.0206 OMR
29 August 2023	1 ZAR = 0.0207 OMR
30 August 2023	1 ZAR = 0.0208 OMR
31 August 2023	1 ZAR = 0.0205 OMR

16/03/2021: New 5 Rial Polymer Banknote Introduced

A new polymer banknote with a denomination of 5 rials was introduced, enhancing durability and security features of the currency.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

15/01/2003: New Omani Rial Banknotes Issued

New series of Omani rial banknotes were introduced, featuring enhanced security features and updated designs.

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.

12/06/1994: Smaller Denomination Coins Issued

Small denomination coins, including 5, 10, 25, and 50 baisa coins, were issued in order to facilitate everyday transactions.

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.

17/03/1986: 200 Baisa Coin Introduced

A new 200 baisa coin was introduced, becoming the highest denomination coin in circulation at that time.

01/08/1982: Currency Decimalization

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

11/11/1975: 1/8 Rial Copper-Nickel Coin Introduced

A new 1/8 rial coin made of copper-nickel was introduced, representing a fractional value of the rial currency.

02/03/1973: Rial Oman Pegged to US Dollar

The Omani rial was officially pegged to the United States dollar, with an exchange rate of 1 OMR = 2.895 USD.

27/07/1970: Rial Oman is Introduced

The Omani rial was introduced, replacing the Gulf rupee at a rate of 1 rial = 2.6008 rupees.

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 Omani rial