United States dollar south african rand history for March 2024. The highest quote for this month is 19.242 (01/03/2024) and the lowest 19.112 (02/03/2024). The difference between high and low is 0.68.
USD ZAR average rate for March 2024 is 18.891, the change between 01/03/2024 and 31/03/2024 is +3.02 %.
| 01 March 2024 | 1 USD = 19.18 ZAR |
| 02 March 2024 | 1 USD = 19.12 ZAR |
| 03 March 2024 | 1 USD = 19.08 ZAR |
| 04 March 2024 | 1 USD = 19.08 ZAR |
| 05 March 2024 | 1 USD = 19.03 ZAR |
| 06 March 2024 | 1 USD = 18.94 ZAR |
| 07 March 2024 | 1 USD = 18.78 ZAR |
| 08 March 2024 | 1 USD = 18.66 ZAR |
| 09 March 2024 | 1 USD = 18.71 ZAR |
| 10 March 2024 | 1 USD = 18.71 ZAR |
| 11 March 2024 | 1 USD = 18.80 ZAR |
| 12 March 2024 | 1 USD = 18.60 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.
15/12/2008: 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.