South African rand somali shilling history for October 2023. The highest quote for this month is 30.13 (30/10/2023) and the lowest 30.449 (31/10/2023). The difference between high and low is -1.06.
ZAR SOS average rate for October 2023 is 29.83177, the change between 01/10/2023 and 31/10/2023 is -0.59 %.
| 02 October 2023 | 1 ZAR = 29.98 SOS |
| 03 October 2023 | 1 ZAR = 29.46 SOS |
| 04 October 2023 | 1 ZAR = 29.33 SOS |
| 05 October 2023 | 1 ZAR = 29.30 SOS |
| 06 October 2023 | 1 ZAR = 29.02 SOS |
| 09 October 2023 | 1 ZAR = 29.24 SOS |
| 10 October 2023 | 1 ZAR = 29.57 SOS |
| 11 October 2023 | 1 ZAR = 29.79 SOS |
| 12 October 2023 | 1 ZAR = 30.39 SOS |
| 13 October 2023 | 1 ZAR = 30.07 SOS |
| 16 October 2023 | 1 ZAR = 29.94 SOS |
| 17 October 2023 | 1 ZAR = 30.25 SOS |
| 18 October 2023 | 1 ZAR = 30.22 SOS |
| 19 October 2023 | 1 ZAR = 29.94 SOS |
| 20 October 2023 | 1 ZAR = 29.89 SOS |
| 23 October 2023 | 1 ZAR = 29.94 SOS |
| 24 October 2023 | 1 ZAR = 29.97 SOS |
| 25 October 2023 | 1 ZAR = 29.88 SOS |
| 26 October 2023 | 1 ZAR = 29.70 SOS |
| 27 October 2023 | 1 ZAR = 30.00 SOS |
| 30 October 2023 | 1 ZAR = 30.27 SOS |
| 31 October 2023 | 1 ZAR = 30.16 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.