Historic Ugandan Shilling South African rand

Ugandan Shilling south african rand history for January 2024. The highest quote for this month is 0.005093 (22/01/2024) and the lowest 0.005052 (22/01/2024). The difference between high and low is 0.81.

UGX ZAR average rate for January 2024 is 0.00497, the change between 01/01/2024 and 31/01/2024 is -2.07 %.

01 January 20241 UGX = 0.0049 ZAR
02 January 20241 UGX = 0.0049 ZAR
03 January 20241 UGX = 0.0050 ZAR
04 January 20241 UGX = 0.0050 ZAR
05 January 20241 UGX = 0.0050 ZAR
06 January 20241 UGX = 0.0049 ZAR
07 January 20241 UGX = 0.0049 ZAR
08 January 20241 UGX = 0.0050 ZAR
09 January 20241 UGX = 0.0049 ZAR
10 January 20241 UGX = 0.0050 ZAR
11 January 20241 UGX = 0.0050 ZAR
12 January 20241 UGX = 0.0050 ZAR
14 January 20241 UGX = 0.0049 ZAR
15 January 20241 UGX = 0.0050 ZAR
16 January 20241 UGX = 0.0050 ZAR
17 January 20241 UGX = 0.0050 ZAR
18 January 20241 UGX = 0.0051 ZAR
19 January 20241 UGX = 0.0050 ZAR
22 January 20241 UGX = 0.0051 ZAR
23 January 20241 UGX = 0.0051 ZAR
24 January 20241 UGX = 0.0050 ZAR
25 January 20241 UGX = 0.0050 ZAR
26 January 20241 UGX = 0.0050 ZAR
28 January 20241 UGX = 0.0049 ZAR
29 January 20241 UGX = 0.0050 ZAR
30 January 20241 UGX = 0.0050 ZAR
31 January 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.
UGX ZAR January 2024
UGX ZAR February 2024
UGX ZAR March 2024
UGX ZAR April 2024
UGX ZAR May 2024
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UGX ZAR January 2025