Historic Ugandan Shilling South African rand

Ugandan Shilling south african rand history for February 2024. The highest quote for this month is 0.005041 (06/02/2024) and the lowest 0.004987 (09/02/2024). The difference between high and low is 1.07.

UGX ZAR average rate for February 2024 is 0.00495, the change between 01/02/2024 and 29/02/2024 is -0.16 %.

01 February 20241 UGX = 0.0049 ZAR
02 February 20241 UGX = 0.0049 ZAR
03 February 20241 UGX = 0.0050 ZAR
04 February 20241 UGX = 0.0050 ZAR
05 February 20241 UGX = 0.0050 ZAR
06 February 20241 UGX = 0.0050 ZAR
07 February 20241 UGX = 0.0050 ZAR
08 February 20241 UGX = 0.0050 ZAR
09 February 20241 UGX = 0.0050 ZAR
12 February 20241 UGX = 0.0050 ZAR
13 February 20241 UGX = 0.0049 ZAR
14 February 20241 UGX = 0.0050 ZAR
15 February 20241 UGX = 0.0050 ZAR
16 February 20241 UGX = 0.0050 ZAR
17 February 20241 UGX = 0.0049 ZAR
18 February 20241 UGX = 0.0049 ZAR
19 February 20241 UGX = 0.0049 ZAR
20 February 20241 UGX = 0.0049 ZAR
21 February 20241 UGX = 0.0049 ZAR
22 February 20241 UGX = 0.0049 ZAR
23 February 20241 UGX = 0.0050 ZAR
24 February 20241 UGX = 0.0050 ZAR
25 February 20241 UGX = 0.0050 ZAR
26 February 20241 UGX = 0.0050 ZAR
27 February 20241 UGX = 0.0049 ZAR
28 February 20241 UGX = 0.0049 ZAR
29 February 20241 UGX = 0.0050 ZAR

03/06/2020: COVID-19 Impact on the Shilling

The Ugandan Shilling experienced a significant decline in value due to the economic impact of the COVID-19 pandemic.

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.

01/09/2013: Withdrawal of Old Currency Series

The old series of Ugandan Shilling notes were phased out and replaced with the new currency series.

01/07/2010: Issue of New Currency Series

Uganda issued a new series of currency notes with enhanced security features to reduce counterfeiting.

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.

02/05/2003: Introduction of Coins

Uganda introduced coins denominated in Shillings to replace lower-value notes and facilitate transactions.

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.

15/05/1987: Introduction of the 500 Shilling Note

A new 500 Shilling note was introduced to combat the rapid inflation and devaluation of the currency.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

05/08/1972: Idi Amin's Currency Change

President Idi Amin ordered the demonetization of old Ugandan Shilling notes and replaced them with new ones, causing an economic crisis.

15/06/1966: Introduction of the Ugandan Shilling

The Ugandan Shilling was introduced as the official currency of Uganda following its independence from British colonial rule.

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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