Historic South African rand Romanian leu

South African rand romanian leu history for February 2024. The highest quote for this month is 0.2457 (01/02/2024) and the lowest 0.24631 (01/02/2024). The difference between high and low is -0.25.

ZAR RON average rate for February 2024 is 0.24271, the change between 01/02/2024 and 29/02/2024 is +3.78 %.

01 February 20241 ZAR = 0.2472 RON
02 February 20241 ZAR = 0.2460 RON
03 February 20241 ZAR = 0.2438 RON
04 February 20241 ZAR = 0.2438 RON
05 February 20241 ZAR = 0.2438 RON
06 February 20241 ZAR = 0.2429 RON
07 February 20241 ZAR = 0.2456 RON
08 February 20241 ZAR = 0.2441 RON
09 February 20241 ZAR = 0.2433 RON
10 February 20241 ZAR = 0.2426 RON
11 February 20241 ZAR = 0.2423 RON
12 February 20241 ZAR = 0.2431 RON
13 February 20241 ZAR = 0.2442 RON
14 February 20241 ZAR = 0.2434 RON
15 February 20241 ZAR = 0.2434 RON
16 February 20241 ZAR = 0.2437 RON
17 February 20241 ZAR = 0.2449 RON
18 February 20241 ZAR = 0.2450 RON
19 February 20241 ZAR = 0.2454 RON
20 February 20241 ZAR = 0.2436 RON
21 February 20241 ZAR = 0.2431 RON
22 February 20241 ZAR = 0.2431 RON
23 February 20241 ZAR = 0.2398 RON
24 February 20241 ZAR = 0.2383 RON
25 February 20241 ZAR = 0.2381 RON
26 February 20241 ZAR = 0.2381 RON
27 February 20241 ZAR = 0.2382 RON
28 February 20241 ZAR = 0.2400 RON
29 February 20241 ZAR = 0.2378 RON

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.

01/04/2019: Romania plans to adopt the euro

The Romanian government announces its intention to join the Eurozone and set a target date for adopting the euro as the national currency.

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.

01/06/2005: Currency redenomination

Romania underwent a currency redenomination, with 10,000 old lei being exchanged for 1 new leu, to simplify transactions and eliminate zeros.

01/07/2003: Romania joins EU Accession

As part of joining the European Union, Romania pledges to adopt the euro in the future, aiming for greater economic integration.

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.

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.

28/02/1991: End of communist era

As communism collapsed, Romania undergoes economic reforms and introduces a free-floating exchange rate system for the leu.

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.

30/12/1947: Communist regime introduces new leu

In an attempt to devalue the currency and control the economy, the Communist regime introduces a new leu at a ratio of 1:20,000.

01/03/1901: Introduction of the gold standard

Romanian leu was tied to the gold standard, ensuring the stability of the currency and attracting foreign investments.

01/04/1867: Creation of the Romanian leu

The leu was established as the official currency of Romania, replacing the previous currencies in circulation.
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