South African rand samoan tala history for August 2023. The highest quote for this month is 0.1485 (01/08/2023) and the lowest 0.15021 (01/08/2023). The difference between high and low is -1.15.
ZAR WST average rate for August 2023 is 0.1442, the change between 01/08/2023 and 31/08/2023 is +4.1 %.
01 August 2023 | 1 ZAR = 0.1501 WST |
04 August 2023 | 1 ZAR = 0.1438 WST |
07 August 2023 | 1 ZAR = 0.1434 WST |
08 August 2023 | 1 ZAR = 0.1464 WST |
10 August 2023 | 1 ZAR = 0.1449 WST |
12 August 2023 | 1 ZAR = 0.1452 WST |
14 August 2023 | 1 ZAR = 0.1453 WST |
15 August 2023 | 1 ZAR = 0.1449 WST |
17 August 2023 | 1 ZAR = 0.1398 WST |
20 August 2023 | 1 ZAR = 0.1412 WST |
21 August 2023 | 1 ZAR = 0.1413 WST |
28 August 2023 | 1 ZAR = 0.1440 WST |
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.
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.
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.