South African rand united states dollar exchange rate history (ZAR USD) February 2024

South African rand united states dollar history for February 2024. The highest quote for this month is 0.053265 (01/02/2024) and the lowest 0.05398 (02/02/2024). The difference between high and low is -1.34.

ZAR USD average rate for February 2024 is 0.0527, the change between 01/02/2024 and 29/02/2024 is +3.32 %.

01 February 2024	1 ZAR = 0.0537 USD
02 February 2024	1 ZAR = 0.0539 USD
03 February 2024	1 ZAR = 0.0529 USD
04 February 2024	1 ZAR = 0.0530 USD
05 February 2024	1 ZAR = 0.0530 USD
06 February 2024	1 ZAR = 0.0525 USD
07 February 2024	1 ZAR = 0.0531 USD
08 February 2024	1 ZAR = 0.0529 USD
09 February 2024	1 ZAR = 0.0527 USD
10 February 2024	1 ZAR = 0.0526 USD
11 February 2024	1 ZAR = 0.0525 USD
12 February 2024	1 ZAR = 0.0527 USD
13 February 2024	1 ZAR = 0.0529 USD
14 February 2024	1 ZAR = 0.0524 USD
15 February 2024	1 ZAR = 0.0526 USD
16 February 2024	1 ZAR = 0.0528 USD
17 February 2024	1 ZAR = 0.0531 USD
18 February 2024	1 ZAR = 0.0531 USD
19 February 2024	1 ZAR = 0.0531 USD
20 February 2024	1 ZAR = 0.0528 USD
21 February 2024	1 ZAR = 0.0529 USD
22 February 2024	1 ZAR = 0.0529 USD
23 February 2024	1 ZAR = 0.0522 USD
24 February 2024	1 ZAR = 0.0519 USD
25 February 2024	1 ZAR = 0.0518 USD
26 February 2024	1 ZAR = 0.0518 USD
27 February 2024	1 ZAR = 0.0520 USD
28 February 2024	1 ZAR = 0.0524 USD
29 February 2024	1 ZAR = 0.0519 USD

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.