South African rand romanian leu exchange rate history (ZAR RON) October 2023

South African rand romanian leu history for October 2023. The highest quote for this month is 0.24947 (30/10/2023) and the lowest 0.25064 (18/10/2023). The difference between high and low is -0.47.

ZAR RON average rate for October 2023 is 0.24693, the change between 01/10/2023 and 31/10/2023 is +0.37 %.

01 October 2023	1 ZAR = 0.2490 RON
02 October 2023	1 ZAR = 0.2482 RON
03 October 2023	1 ZAR = 0.2468 RON
04 October 2023	1 ZAR = 0.2460 RON
05 October 2023	1 ZAR = 0.2448 RON
06 October 2023	1 ZAR = 0.2413 RON
08 October 2023	1 ZAR = 0.2431 RON
09 October 2023	1 ZAR = 0.2426 RON
10 October 2023	1 ZAR = 0.2450 RON
11 October 2023	1 ZAR = 0.2462 RON
12 October 2023	1 ZAR = 0.2480 RON
13 October 2023	1 ZAR = 0.2475 RON
16 October 2023	1 ZAR = 0.2485 RON
17 October 2023	1 ZAR = 0.2503 RON
18 October 2023	1 ZAR = 0.2498 RON
19 October 2023	1 ZAR = 0.2484 RON
20 October 2023	1 ZAR = 0.2470 RON
21 October 2023	1 ZAR = 0.2483 RON
22 October 2023	1 ZAR = 0.2473 RON
23 October 2023	1 ZAR = 0.2473 RON
24 October 2023	1 ZAR = 0.2455 RON
25 October 2023	1 ZAR = 0.2462 RON
26 October 2023	1 ZAR = 0.2453 RON
27 October 2023	1 ZAR = 0.2480 RON
29 October 2023	1 ZAR = 0.2488 RON
30 October 2023	1 ZAR = 0.2500 RON
31 October 2023	1 ZAR = 0.2480 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.

Historic South African rand Romanian leu