South African rand somali shilling history for December 2023. The highest quote for this month is 30.884 (21/12/2023) and the lowest 31.605 (25/12/2023). The difference between high and low is -2.33.
ZAR SOS average rate for December 2023 is 30.52138, the change between 01/12/2023 and 31/12/2023 is -1.46 %.
| 01 December 2023 | 1 ZAR = 30.15 SOS |
| 04 December 2023 | 1 ZAR = 30.56 SOS |
| 05 December 2023 | 1 ZAR = 30.22 SOS |
| 06 December 2023 | 1 ZAR = 29.98 SOS |
| 07 December 2023 | 1 ZAR = 29.96 SOS |
| 08 December 2023 | 1 ZAR = 30.20 SOS |
| 11 December 2023 | 1 ZAR = 30.05 SOS |
| 12 December 2023 | 1 ZAR = 29.78 SOS |
| 13 December 2023 | 1 ZAR = 30.01 SOS |
| 14 December 2023 | 1 ZAR = 30.45 SOS |
| 15 December 2023 | 1 ZAR = 31.02 SOS |
| 18 December 2023 | 1 ZAR = 31.06 SOS |
| 19 December 2023 | 1 ZAR = 30.58 SOS |
| 20 December 2023 | 1 ZAR = 31.00 SOS |
| 21 December 2023 | 1 ZAR = 31.12 SOS |
| 22 December 2023 | 1 ZAR = 31.27 SOS |
| 25 December 2023 | 1 ZAR = 30.76 SOS |
| 26 December 2023 | 1 ZAR = 30.79 SOS |
| 27 December 2023 | 1 ZAR = 30.46 SOS |
| 28 December 2023 | 1 ZAR = 30.96 SOS |
| 29 December 2023 | 1 ZAR = 30.59 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.