South African rand somali shilling history for August 2023. The highest quote for this month is 30.921 (01/08/2023) and the lowest 31.66 (01/08/2023). The difference between high and low is -2.39.
ZAR SOS average rate for August 2023 is 30.21391, the change between 01/08/2023 and 31/08/2023 is +4.48 %.
| 01 August 2023 | 1 ZAR = 31.64 SOS |
| 02 August 2023 | 1 ZAR = 30.98 SOS |
| 03 August 2023 | 1 ZAR = 30.64 SOS |
| 04 August 2023 | 1 ZAR = 30.37 SOS |
| 07 August 2023 | 1 ZAR = 30.70 SOS |
| 08 August 2023 | 1 ZAR = 30.27 SOS |
| 09 August 2023 | 1 ZAR = 29.94 SOS |
| 10 August 2023 | 1 ZAR = 29.87 SOS |
| 11 August 2023 | 1 ZAR = 30.08 SOS |
| 14 August 2023 | 1 ZAR = 29.91 SOS |
| 15 August 2023 | 1 ZAR = 29.69 SOS |
| 16 August 2023 | 1 ZAR = 29.58 SOS |
| 17 August 2023 | 1 ZAR = 29.47 SOS |
| 18 August 2023 | 1 ZAR = 29.66 SOS |
| 21 August 2023 | 1 ZAR = 29.79 SOS |
| 22 August 2023 | 1 ZAR = 29.88 SOS |
| 23 August 2023 | 1 ZAR = 30.16 SOS |
| 24 August 2023 | 1 ZAR = 30.62 SOS |
| 25 August 2023 | 1 ZAR = 30.07 SOS |
| 28 August 2023 | 1 ZAR = 30.35 SOS |
| 29 August 2023 | 1 ZAR = 30.45 SOS |
| 30 August 2023 | 1 ZAR = 30.63 SOS |
| 31 August 2023 | 1 ZAR = 30.22 SOS |
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.