Search results
- Currency conversion
2 days ago · USD – US Dollar. 1.00 South African Rand =. 0.05 2530599 US Dollars. 1 USD = 19.0365 ZAR. We use the mid-market rate for our Converter. This is for informational purposes only. You won’t receive this rate when sending money. Login to view send rates.
- 1 USD
ZAR - South African Rand. RUB - Russian Ruble. BGN -...
- View Full Chart
ZAR to USD currency chart. XE’s free live currency...
- Zar
ZAR - South African Rand. The South African Rand is the...
- 1 USD
The information shown there does not constitute financial advice. Conversion rates South African Rand / US Dollar. 1 ZAR. 0.05262 USD. 5 ZAR. 0.26310 USD. 10 ZAR. 0.52621 USD. 20 ZAR.
South African Rand (ZAR) The South African rand is the currency of South Africa. Its symbol is simply ‘R’, and its currency code is ZAR, from the Dutch ‘zuid-afrikaanse rand’, or South African rand. The rand is fiat money, and its conversion factor has 6 significant digits. The most popular South African rand exchange is with the US dollar.
- What Is The South African Rand (Zar)?
- Understanding The South African Rand
- The South African Reserve Bank
- The Rand Monetary Area
- The Rand's Fluctuating Fortunes
- The Bottom Line
The South African rand (ZAR) is the national currency of the country of South Africa, with the symbol ZAR being the currency abbreviation for the rand in foreign exchange (forex) markets. The South African rand is made up of 100 cents and is often presented with the symbol R. The rand comes from the word "Witwatersrand,"which means "white waters ri...
The South African rand (ZAR) was first introduced in February 1961, just before the Republic of South Africa was established. The rand replaced the South African pound at a rate of 2 rand to 1 pound. Up until the early 1970s, the rand was worth around R1.5 per U.S. dollar (USD). However, over the ensuing decades, the rand exchange ratehas depreciat...
Modeled on the Bank of England (BoE), the South African Reserve Bank (SARB) stands as the monetary authority for South Africa and issues its currency. Taking on major responsibilities similar to those of other central banks, the SARB is also known as a creditorin certain situations, a clearing bank, and a major custodian of gold. Above all else, th...
The establishment of the Rand Monetary Area (RMA) in 1974 allowed Swaziland, Botswana, and Lesotho to issue currencies unique to their nations. Before the agreement, these countries had participated in an informal arrangement among the same countries where only the South African currency circulated. Through the RMA agreement, the South African rand...
For the most part, the rand's value was linked to the price of gold, South Africa's main export, during its early days. In recent years, the rand is somewhat correlated with gold prices as the South African economy still relies on its gold exports. Gold is the country's most exported good, representing 14% of total exports in 2021 or $20.1 billion....
The South African rand, which is abbreviated ZAR, is the national currency of South Africa. Eswatini, Lesotho, and Namibia also peg their currencies to the rand. When the rand was introduced in 1961, its value was linked to the price of gold. After the end of apartheid, the rand's value began to fluctuate more as South Africa's economy became more ...
From. USD – US Dollar. To. ZAR – South African Rand. 1.00 US Dollar =. 19.06 1541 South African Rand. 1 ZAR = 0.0524617 USD. We use the mid-market rate for our Converter. This is for informational purposes only.
The South African rand, or simply the rand, ( sign: R; code: ZAR [a]) is the official currency of the Southern African Common Monetary Area: South Africa, Namibia (alongside the Namibian dollar ), Lesotho (alongside the Lesotho loti) and Eswatini (alongside the Swazi lilangeni ).
