Historical Year Data · 2003

USD/ZAR in 2003

USD/ZAR opened 2003 at 8.54 and closed at 6.7, a -21.55% move for the year. The high of 9.05 was reached on January 21, and the low of 6.26 on December 4.

Open

8.54

2003-01

6.7

251 data points

High

9.05

Jan 21

Low

6.26

Dec 4

Full Year Change

-21.55%

2002 Change

-31.15%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	8.54	8.5	9.05	8.44	-0.47%
Feb	8.55	8.1	8.57	8.02	-5.34%
Mar	8.01	7.9	8.26	7.9	-1.31%
Apr	7.88	7.29	8.05	7.18	-7.52%
May	7.27	8.04	8.24	7.23	+10.48%
Jun	8.02	7.51	8.17	7.5	-6.36%
Jul	7.44	7.38	7.8	7.36	-0.84%
Aug	7.45	7.39	7.51	7.25	-0.81%
Sep	7.29	6.96	7.55	6.96	-4.57%
Oct	6.92	6.9	7.21	6.85	-0.29%
Nov	6.91	6.37	6.99	6.37	-7.82%
Dec	6.39	6.7	6.94	6.26	+4.86%

Events During 2003

1990 Japanese Bubble Collapse

Deflation

January 1990 – 2003

The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.