Thai baht south african rand exchange rate history (THB ZAR) August 2023

Thai baht south african rand history for August 2023. The highest quote for this month is 0.54443 (15/08/2023) and the lowest 0.54034 (09/08/2023). The difference between high and low is 0.75.

THB ZAR average rate for August 2023 is 0.53531, the change between 01/08/2023 and 31/08/2023 is -2.43 %.

01 August 2023	1 THB = 0.5215 ZAR
02 August 2023	1 THB = 0.5319 ZAR
03 August 2023	1 THB = 0.5354 ZAR
04 August 2023	1 THB = 0.5393 ZAR
05 August 2023	1 THB = 0.5329 ZAR
07 August 2023	1 THB = 0.5325 ZAR
08 August 2023	1 THB = 0.5370 ZAR
09 August 2023	1 THB = 0.5402 ZAR
10 August 2023	1 THB = 0.5406 ZAR
11 August 2023	1 THB = 0.5359 ZAR
12 August 2023	1 THB = 0.5404 ZAR
14 August 2023	1 THB = 0.5394 ZAR
15 August 2023	1 THB = 0.5412 ZAR
16 August 2023	1 THB = 0.5405 ZAR
17 August 2023	1 THB = 0.5406 ZAR
18 August 2023	1 THB = 0.5371 ZAR
20 August 2023	1 THB = 0.5367 ZAR
21 August 2023	1 THB = 0.5363 ZAR
22 August 2023	1 THB = 0.5382 ZAR
23 August 2023	1 THB = 0.5360 ZAR
24 August 2023	1 THB = 0.5287 ZAR
25 August 2023	1 THB = 0.5370 ZAR
28 August 2023	1 THB = 0.5309 ZAR
29 August 2023	1 THB = 0.5267 ZAR
30 August 2023	1 THB = 0.5271 ZAR
31 August 2023	1 THB = 0.5342 ZAR

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.

15/04/2019: Coronation of King Rama X

King Maha Vajiralongkorn's coronation ceremony took place, affirming stability and continuity in the monarchy.

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.

19/09/2006: 2006 Thai coup d'état

The military staged a coup overthrowing the government, causing political instability and affecting the currency.

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.

02/07/1997: Asian Financial Crisis

The Thai baht was devalued triggering the Asian financial crisis, resulting in economic recession and structural reforms.

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.

01/01/1980: Currency Floatation

The Thai baht was shifted from a fixed to a floating exchange rate system, leading to increased volatility.

14/10/1973: October 14 Uprising

A popular uprising against the military dictatorship led to political reforms and an increase in public participation.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

01/01/1942: Japanese Occupation

During World War II, Thailand was occupied by Japan, leading to the introduction of Japanese-sponsored banknotes.

24/06/1932: Siamese Revolution

The Siamese Revolution resulted in the establishment of a constitutional monarchy, marking the beginning of political changes in Thailand.

Historic Thai baht South African rand