South African rand somali shilling history for July 2023. The highest quote for this month is 31.943 (26/07/2023) and the lowest 32.434 (27/07/2023). The difference between high and low is -1.54.
ZAR SOS average rate for July 2023 is 31.11681, the change between 01/07/2023 and 31/07/2023 is -6.98 %.
| 03 July 2023 | 1 ZAR = 30.06 SOS |
| 04 July 2023 | 1 ZAR = 30.16 SOS |
| 05 July 2023 | 1 ZAR = 30.38 SOS |
| 06 July 2023 | 1 ZAR = 30.12 SOS |
| 07 July 2023 | 1 ZAR = 29.61 SOS |
| 10 July 2023 | 1 ZAR = 30.04 SOS |
| 11 July 2023 | 1 ZAR = 30.16 SOS |
| 12 July 2023 | 1 ZAR = 30.68 SOS |
| 13 July 2023 | 1 ZAR = 31.18 SOS |
| 14 July 2023 | 1 ZAR = 31.60 SOS |
| 17 July 2023 | 1 ZAR = 31.31 SOS |
| 18 July 2023 | 1 ZAR = 31.35 SOS |
| 19 July 2023 | 1 ZAR = 31.68 SOS |
| 20 July 2023 | 1 ZAR = 31.74 SOS |
| 21 July 2023 | 1 ZAR = 31.60 SOS |
| 24 July 2023 | 1 ZAR = 31.55 SOS |
| 25 July 2023 | 1 ZAR = 31.93 SOS |
| 26 July 2023 | 1 ZAR = 32.31 SOS |
| 27 July 2023 | 1 ZAR = 32.08 SOS |
| 28 July 2023 | 1 ZAR = 31.76 SOS |
| 31 July 2023 | 1 ZAR = 32.16 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.