South African rand singapore dollar exchange rate history (ZAR SGD) September 2023

South African rand singapore dollar history for September 2023. The highest quote for this month is 0.072552 (25/09/2023) and the lowest 0.072969 (25/09/2023). The difference between high and low is -0.57.

ZAR SGD average rate for September 2023 is 0.07189, the change between 01/09/2023 and 30/09/2023 is -0.65 %.

01 September 2023	1 ZAR = 0.0717 SGD
04 September 2023	1 ZAR = 0.0720 SGD
05 September 2023	1 ZAR = 0.0709 SGD
06 September 2023	1 ZAR = 0.0712 SGD
07 September 2023	1 ZAR = 0.0710 SGD
08 September 2023	1 ZAR = 0.0714 SGD
11 September 2023	1 ZAR = 0.0715 SGD
12 September 2023	1 ZAR = 0.0722 SGD
13 September 2023	1 ZAR = 0.0719 SGD
14 September 2023	1 ZAR = 0.0724 SGD
15 September 2023	1 ZAR = 0.0717 SGD
18 September 2023	1 ZAR = 0.0718 SGD
19 September 2023	1 ZAR = 0.0717 SGD
20 September 2023	1 ZAR = 0.0722 SGD
21 September 2023	1 ZAR = 0.0725 SGD
22 September 2023	1 ZAR = 0.0721 SGD
25 September 2023	1 ZAR = 0.0729 SGD
26 September 2023	1 ZAR = 0.0728 SGD
27 September 2023	1 ZAR = 0.0718 SGD
28 September 2023	1 ZAR = 0.0715 SGD
29 September 2023	1 ZAR = 0.0720 SGD
30 September 2023	1 ZAR = 0.0722 SGD

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

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.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

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.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.

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.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own currency.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.

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 Singapore dollar