South African rand rwandan franc exchange rate history (ZAR RWF) August 2023

South African rand rwandan franc history for August 2023. The highest quote for this month is 64.579 (01/08/2023) and the lowest 65.102 (01/08/2023). The difference between high and low is -0.81.

ZAR RWF average rate for August 2023 is 62.46456, the change between 01/08/2023 and 31/08/2023 is +3.38 %.

01 August 2023	1 ZAR = 65.30 RWF
02 August 2023	1 ZAR = 63.98 RWF
03 August 2023	1 ZAR = 63.10 RWF
04 August 2023	1 ZAR = 62.50 RWF
07 August 2023	1 ZAR = 62.71 RWF
08 August 2023	1 ZAR = 62.02 RWF
09 August 2023	1 ZAR = 61.57 RWF
10 August 2023	1 ZAR = 61.48 RWF
11 August 2023	1 ZAR = 61.94 RWF
12 August 2023	1 ZAR = 61.90 RWF
14 August 2023	1 ZAR = 61.86 RWF
15 August 2023	1 ZAR = 61.47 RWF
16 August 2023	1 ZAR = 61.29 RWF
17 August 2023	1 ZAR = 61.12 RWF
18 August 2023	1 ZAR = 61.62 RWF
20 August 2023	1 ZAR = 61.90 RWF
21 August 2023	1 ZAR = 61.49 RWF
22 August 2023	1 ZAR = 62.09 RWF
23 August 2023	1 ZAR = 62.65 RWF
24 August 2023	1 ZAR = 63.73 RWF
25 August 2023	1 ZAR = 62.69 RWF
28 August 2023	1 ZAR = 63.04 RWF
29 August 2023	1 ZAR = 63.25 RWF
30 August 2023	1 ZAR = 63.80 RWF
31 August 2023	1 ZAR = 63.10 RWF

24/06/2020: Rwandan Franc Devaluation

The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.

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.

03/12/2008: New Currency Series

A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.

01/01/2004: East African Community

Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.

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.

03/12/1998: Currency Redenomination

The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.

07/04/1995: Rwandan Genocide

The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.

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.

01/08/1982: Currency Decimalization

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

01/12/1973: Currency Reform

A currency reform was implemented, introducing a new series of Rwandan franc banknotes.

25/06/1964: Introduction of the Rwandan Franc

The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.

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 Rwandan franc