Historical Year Data · 2008

USD/ZAR in 2008

USD/ZAR opened 2008 at 6.81 and closed at 9.3, a +36.51% move for the year. The high of 11.27 was reached on October 22, and the low of 6.74 on January 14.

Open

6.81

2008-01

9.3

252 data points

High

11.27

Oct 22

Low

6.74

Jan 14

Full Year Change

+36.51%

2007 Change

-0.33%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	6.81	7.45	7.45	6.74	+9.39%
Feb	7.41	7.74	7.9	7.41	+4.45%
Mar	7.78	8.14	8.21	7.76	+4.74%
Apr	8.03	7.57	8.03	7.54	-5.69%
May	7.64	7.62	7.76	7.47	-0.26%
Jun	7.71	7.8	8.12	7.7	+1.18%
Jul	7.92	7.31	7.92	7.31	-7.64%
Aug	7.26	7.7	7.9	7.24	+6.04%
Sep	7.77	8.32	8.32	7.77	+6.98%
Oct	8.27	9.87	11.27	8.27	+19.36%
Nov	9.93	10.1	10.64	9.63	+1.76%
Dec	10.28	9.3	10.47	9.3	-9.49%

Events During 2008

2008 Financial Crisis

Deflation

September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.