Historic Arab Emirates Dirham South African rand

Arab Emirates Dirham south african rand history for February 2024. The highest quote for this month is 5.2763 (23/02/2024) and the lowest 5.2488 (25/02/2024). The difference between high and low is 0.52.

AED ZAR average rate for February 2024 is 5.16773, the change between 01/02/2024 and 29/02/2024 is -3.44 %.

01 February 20241 AED = 5.07 ZAR
02 February 20241 AED = 5.06 ZAR
03 February 20241 AED = 5.15 ZAR
04 February 20241 AED = 5.14 ZAR
05 February 20241 AED = 5.14 ZAR
06 February 20241 AED = 5.19 ZAR
07 February 20241 AED = 5.12 ZAR
08 February 20241 AED = 5.15 ZAR
09 February 20241 AED = 5.17 ZAR
11 February 20241 AED = 5.18 ZAR
12 February 20241 AED = 5.17 ZAR
13 February 20241 AED = 5.15 ZAR
14 February 20241 AED = 5.20 ZAR
15 February 20241 AED = 5.18 ZAR
16 February 20241 AED = 5.16 ZAR
17 February 20241 AED = 5.13 ZAR
18 February 20241 AED = 5.13 ZAR
19 February 20241 AED = 5.13 ZAR
20 February 20241 AED = 5.16 ZAR
21 February 20241 AED = 5.15 ZAR
22 February 20241 AED = 5.15 ZAR
23 February 20241 AED = 5.21 ZAR
24 February 20241 AED = 5.25 ZAR
25 February 20241 AED = 5.26 ZAR
26 February 20241 AED = 5.26 ZAR
27 February 20241 AED = 5.23 ZAR
28 February 20241 AED = 5.19 ZAR
29 February 20241 AED = 5.24 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.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

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.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

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.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

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.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.

14/09/1961: Introduction of the Rand

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