Yemeni Rial south african rand exchange rate history (YER ZAR) February 2024

Yemeni Rial south african rand history for February 2024. The highest quote for this month is 0.077564 (23/02/2024) and the lowest 0.077111 (24/02/2024). The difference between high and low is 0.58.

YER ZAR average rate for February 2024 is 0.07594, the change between 01/02/2024 and 29/02/2024 is -3.46 %.

01 February 2024	1 YER = 0.0745 ZAR
02 February 2024	1 YER = 0.0743 ZAR
03 February 2024	1 YER = 0.0756 ZAR
04 February 2024	1 YER = 0.0755 ZAR
05 February 2024	1 YER = 0.0756 ZAR
06 February 2024	1 YER = 0.0762 ZAR
07 February 2024	1 YER = 0.0753 ZAR
08 February 2024	1 YER = 0.0757 ZAR
09 February 2024	1 YER = 0.0759 ZAR
12 February 2024	1 YER = 0.0760 ZAR
13 February 2024	1 YER = 0.0756 ZAR
14 February 2024	1 YER = 0.0764 ZAR
15 February 2024	1 YER = 0.0762 ZAR
16 February 2024	1 YER = 0.0758 ZAR
17 February 2024	1 YER = 0.0754 ZAR
18 February 2024	1 YER = 0.0754 ZAR
19 February 2024	1 YER = 0.0753 ZAR
20 February 2024	1 YER = 0.0758 ZAR
21 February 2024	1 YER = 0.0757 ZAR
22 February 2024	1 YER = 0.0756 ZAR
23 February 2024	1 YER = 0.0766 ZAR
24 February 2024	1 YER = 0.0771 ZAR
25 February 2024	1 YER = 0.0772 ZAR
26 February 2024	1 YER = 0.0773 ZAR
27 February 2024	1 YER = 0.0769 ZAR
28 February 2024	1 YER = 0.0763 ZAR
29 February 2024	1 YER = 0.0771 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.

11/02/2020: Currency Devaluation

The Yemeni Rial witnessed another devaluation as the Central Bank of Yemen devalued the currency by 25% to ease foreign currency shortages and stabilize the economy.

13/10/2016: Central Bank Relocation

The internationally recognized government of Yemen relocated the Central Bank from Sana'a to Aden, causing further fragmentation in the value and availability of the Yemeni Rial.

16/09/2015: Houthi Takeover and Currency Instability

Following the Houthi rebel's takeover of the capital Sana'a, the Yemeni Rial faced further instability, resulting in hyperinflation and a depreciation of its value.

27/09/2009: Government Decision

The Yemeni government announced a 9.3% devaluation of the rial as a measure to cope with the economic crisis and declining oil revenues.

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.

04/05/1994: Civil War and Currency Devaluation

During the Yemeni Civil War, the Yemeni Rial experienced a significant devaluation, with the exchange rate reaching around 200 rials for 1 US dollar.

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.

22/05/1990: Yemeni Unification

The Yemeni Rial became the official currency of the newly unified country of Yemen after the merger of the Yemen Arab Republic (North Yemen) and People's Democratic Republic of Yemen (South Yemen).

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.

26/08/1948: Currency Introduction

The Yemeni Rial (YER) was first introduced as the official currency of North Yemen, replacing the Yemeni Riyal at a rate of 1 rial = 1,000 Riyals.

Historic Yemeni Rial South African rand