South African rand somali shilling history for January 2024. The highest quote for this month is 30.959 (01/01/2024) and the lowest 31.166 (02/01/2024). The difference between high and low is -0.67.
ZAR SOS average rate for January 2024 is 30.31226, the change between 01/01/2024 and 31/01/2024 is +2.71 %.
| 01 January 2024 | 1 ZAR = 31.09 SOS |
| 02 January 2024 | 1 ZAR = 31.04 SOS |
| 03 January 2024 | 1 ZAR = 30.61 SOS |
| 04 January 2024 | 1 ZAR = 30.42 SOS |
| 05 January 2024 | 1 ZAR = 30.40 SOS |
| 08 January 2024 | 1 ZAR = 30.42 SOS |
| 09 January 2024 | 1 ZAR = 30.60 SOS |
| 10 January 2024 | 1 ZAR = 30.47 SOS |
| 11 January 2024 | 1 ZAR = 30.49 SOS |
| 12 January 2024 | 1 ZAR = 30.46 SOS |
| 15 January 2024 | 1 ZAR = 30.53 SOS |
| 16 January 2024 | 1 ZAR = 30.46 SOS |
| 17 January 2024 | 1 ZAR = 29.96 SOS |
| 18 January 2024 | 1 ZAR = 29.77 SOS |
| 19 January 2024 | 1 ZAR = 30.02 SOS |
| 22 January 2024 | 1 ZAR = 29.88 SOS |
| 23 January 2024 | 1 ZAR = 29.59 SOS |
| 24 January 2024 | 1 ZAR = 30.03 SOS |
| 25 January 2024 | 1 ZAR = 30.09 SOS |
| 26 January 2024 | 1 ZAR = 30.08 SOS |
| 29 January 2024 | 1 ZAR = 30.28 SOS |
| 30 January 2024 | 1 ZAR = 30.25 SOS |
| 31 January 2024 | 1 ZAR = 30.25 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.