Rhodesian Dollar - Exchange Rate History

Exchange Rate History

This table shows the historical value of one Rhodesian dollar.

Date Official Rate Free / Parallel Rate notes
1970 (Feb) USD 1.40 - Parallel market starts 1970 (July)
1971 (Aug) ZAR 1.00 (- 30%) ZAR 0.769 Pegged to the ZA Rand
1971 (Dec) USD 1.52 (- 30% to 40%) USD 1.09 to USD 1.17 US dollar devalued
1972 (July) floated (- 20% to 30%) Floated at same time GBP was floated
1972 (Oct) USD 1.52; ZAR 1.19 - -
1973 (Feb) USD 1.69 - USD devalued
1973 (Jun) USD 1.773; ZAR 1.19 - ZA Rand and R$ revalued against USD
1975 (Sep) USD 1.60; ZAR 1.34 - R$ devalued against USD and ZAR
1977 (Oct) USD 1.50; ZAR 1.30 - R$ devalued against USD and ZAR
1980 (Mar) - - Pegged to flexible basket (FRF, DEM, ZAR, CHF, GBP, USD)
1980 (Apr) - - Replacement by the Zimbabwean dollar Z$ 1 = R$ 1
1981 - - Rhodesian dollar demonetised under Statutory Instrument 378 of the Government of Zimbabwe

Read more about this topic:  Rhodesian Dollar

Famous quotes containing the words exchange, rate and/or history:

    So long as the system of competition in the production and exchange of the means of life goes on, the degradation of the arts will go on; and if that system is to last for ever, then art is doomed, and will surely die; that is to say, civilization will die.
    William Morris (1834–1896)

    This is the essential distinction—even opposition—between the painting and the film: the painting is composed subjectively, the film objectively. However highly we rate the function of the scenario writer—in actual practice it is rated very low—we must recognize that the film is not transposed directly and freely from the mind by means of a docile medium like paint, but must be cut piece-meal out of the lumbering material of the actual visible world.
    Sir Herbert Read (1893–1968)

    It takes a great deal of history to produce a little literature.
    Henry James (1843–1916)