United States dollar south african rand exchange rate history (USD ZAR) October 2023

United States dollar south african rand history for October 2023. The highest quote for this month is 19.639 (07/10/2023) and the lowest 19.29 (08/10/2023). The difference between high and low is 1.78.

USD ZAR average rate for October 2023 is 19.02592, the change between 01/10/2023 and 31/10/2023 is +0.19 %.

01 October 2023	1 USD = 18.87 ZAR
03 October 2023	1 USD = 19.21 ZAR
04 October 2023	1 USD = 19.30 ZAR
06 October 2023	1 USD = 19.51 ZAR
07 October 2023	1 USD = 19.30 ZAR
08 October 2023	1 USD = 19.29 ZAR
09 October 2023	1 USD = 19.36 ZAR
10 October 2023	1 USD = 19.14 ZAR
11 October 2023	1 USD = 19.00 ZAR
13 October 2023	1 USD = 19.01 ZAR
16 October 2023	1 USD = 18.97 ZAR
17 October 2023	1 USD = 18.78 ZAR
18 October 2023	1 USD = 18.79 ZAR
19 October 2023	1 USD = 18.97 ZAR
20 October 2023	1 USD = 19.00 ZAR
21 October 2023	1 USD = 18.88 ZAR
22 October 2023	1 USD = 18.98 ZAR
23 October 2023	1 USD = 18.97 ZAR
24 October 2023	1 USD = 18.95 ZAR
25 October 2023	1 USD = 19.01 ZAR
26 October 2023	1 USD = 19.13 ZAR
27 October 2023	1 USD = 18.93 ZAR
28 October 2023	1 USD = 18.86 ZAR
29 October 2023	1 USD = 18.86 ZAR
30 October 2023	1 USD = 18.77 ZAR
31 October 2023	1 USD = 18.84 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.