South African rand united states dollar history for March 2024. The highest quote for this month is 0.053469 (12/03/2024) and the lowest 0.053901 (12/03/2024). The difference between high and low is -0.81.
ZAR USD average rate for March 2024 is 0.05294, the change between 01/03/2024 and 31/03/2024 is -3.12 %.
| 01 March 2024 | 1 ZAR = 0.0521 USD |
| 02 March 2024 | 1 ZAR = 0.0523 USD |
| 03 March 2024 | 1 ZAR = 0.0524 USD |
| 04 March 2024 | 1 ZAR = 0.0524 USD |
| 05 March 2024 | 1 ZAR = 0.0525 USD |
| 06 March 2024 | 1 ZAR = 0.0528 USD |
| 07 March 2024 | 1 ZAR = 0.0533 USD |
| 08 March 2024 | 1 ZAR = 0.0536 USD |
| 09 March 2024 | 1 ZAR = 0.0534 USD |
| 10 March 2024 | 1 ZAR = 0.0534 USD |
| 11 March 2024 | 1 ZAR = 0.0532 USD |
| 12 March 2024 | 1 ZAR = 0.0538 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.