South African Rand

South African Rand

The rand (sign: R; code: ZAR) is the currency of South Africa. The Rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand (South African Rand). The Rand is legal tender in the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia, although the last three countries do have their own currencies pegged at par with rand. Before 1976, the rand was legal tender in Botswana.

Chinese Yuan Renminbi

Chinese Yuan Renminbi

The renminbi (Ab.: RMB; simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì; literally: "people's currency"; sign: 元; code: CNY) is the official currency of the People's Republic of China. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where "Chinese yuan" is widely used to refer to the renminbi. The distinction between the terms renminbi and yuan is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit. One yuan is subdivided into 10 jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People's Bank of China, the monetary authority of China.Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy, and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity. More recently, however, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the American Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012. Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013, and 5th by 2015.On 1 October 2016, the RMB became the first emerging market currency to be included in the IMF's special drawing rights basket, the basket of currencies used by the IMF (reserve currency).

Johannesburg overview

Johannesburg (/dʒoʊˈhænɪsbɜːrɡ/; Afrikaans: [jʊəˈɦanəsbœrχ]; also known as Jozi, Joburg, and eGoli)[1] is the largest city in South Africa and one of the 50 largest urban areas in the world.[9] It is the provincial capital and largest city of Gauteng, which is the wealthiest province in South Africa.[10] While Johannesburg is not one of South Africa's three capital cities, it is the seat of the Constitutional Court. The city is located in the mineral-rich Witwatersrand range of hills and is the centre of large-scale gold and diamond trade.[citation needed]

The metropolis is an alpha global city as listed by the Globalization and World Cities Research Network. In 2011, the population of the city of Johannesburg was 4,434,827, making it the most populous city in South Africa.[11] In the same year, the population of Johannesburg's urban agglomeration was put at 7,860,781.[5] The land area of the municipal city (1,645 km2 (635 sq mi)) is large in comparison with those of other major cities, resulting in a moderate population density of 2,364/km2 (6,120/sq mi).

The city was established in 1886 following the discovery of gold on what had been a farm. The city is commonly interpreted as the modern day El Dorado[by whom?] due to the extremely large gold deposit found along the Witwatersrand.[12] The name is attributed to one or all of three men involved in the establishment of the city. In ten years, the population grew to 100,000 inhabitants.

A separate city from the late 1970s until 1994, Soweto is now part of Johannesburg. Originally an acronym for "South-Western Townships", Soweto originated as a collection of settlements on the outskirts of Johannesburg, populated mostly by native African workers from the gold mining industry. Soweto, although eventually incorporated into Johannesburg, had been separated as a residential area for Blacks, who were not permitted to live in Johannesburg proper. Lenasia is predominantly populated by English-speaking South Africans of Indian descent. These areas were designated as non-white areas in accordance with the segregationist policies of the South African government known as Apartheid.[citation needed]

Best 1 ZAR to CNY exchange rate in Johannesburg - 1 South African Rand to Chinese Yuan Renminbi

Best ZAR/CNY rate at American Express Forex in Johannesburg

1 ZAR to CNY exchange rates at American Express Forex in Johannesburg
1 South African Rand = 0.465 Chinese Yuan Renminbi
Exchange ZAR at American Express Forex to CNY in Johannesburg
1 South African Rand = 0.465 Chinese Yuan Renminbi
2 South African Rand = 0.930 Chinese Yuan Renminbi
5 South African Rand = 2.326 Chinese Yuan Renminbi
10 South African Rand = 4.651 Chinese Yuan Renminbi
Exchange South African Rand at American Express Forex to Chinese Yuan Renminbi in Johannesburg
American Express Forex
American Express Forex

American Express Foreign Exchange, operates under license by Tourvest Financial Services (Pty) Ltd. Tourvest is Southern Africa’s number one tourism group, offering a range of products and services that encompass the needs of all visitors to Southern Africa. American Express foreign exchange South Africa is operated under franchise from American Express globally. We have 3 branches in Botswana and operates in a Joint Venture with Bank Windhoek in Namibia. We are the market leaders in foreign...

Best ZAR/CNY rate at Standard Bank in Johannesburg

1 ZAR to CNY exchange rates at Standard Bank in Johannesburg
1 South African Rand = 0.468 Chinese Yuan Renminbi
Exchange ZAR at Standard Bank to CNY in Johannesburg
1 South African Rand = 0.468 Chinese Yuan Renminbi
2 South African Rand = 0.936 Chinese Yuan Renminbi
5 South African Rand = 2.339 Chinese Yuan Renminbi
10 South African Rand = 4.678 Chinese Yuan Renminbi
Exchange South African Rand at Standard Bank to Chinese Yuan Renminbi in Johannesburg
Standard Bank
Standard Bank

The bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent right-wing South African politician John Paterson[3][4] formed a bank in London, initially under the name Standard Bank of British South Africa. The bank started operations in 1863 in Port Elizabeth, South Africa, and soon...

Best ZAR/CNY rate at Bidvest Bank in Johannesburg

1 ZAR to CNY exchange rates at Bidvest Bank in Johannesburg
1 South African Rand = 0.460 Chinese Yuan Renminbi
Exchange ZAR at Bidvest Bank to CNY in Johannesburg
1 South African Rand = 0.460 Chinese Yuan Renminbi
2 South African Rand = 0.920 Chinese Yuan Renminbi
5 South African Rand = 2.300 Chinese Yuan Renminbi
10 South African Rand = 4.600 Chinese Yuan Renminbi
Exchange South African Rand at Bidvest Bank to Chinese Yuan Renminbi in Johannesburg
Bidvest Bank
Bidvest Bank

We’re a leading second tier bank and a subsidiary of The Bidvest Group Limited. Our strategy includes diversifying a historically forex- and fleet-focused customer base to one of business and personal banking services. This diversification strategy, combined with a prudent lending philosophy resulted in the recent upgrade, by Moody’s Financial Services, of Bidvest Bank’s long-term national scale rating from A1 to Aa2, an increase of two notches. About Us Bidvest Bank is an entrepreneurial...

1 ZAR to CNY exchange rates news

South Africa: West Rand Municipality Vehicles Locked Inside Yard As Employees Refuse to Work

Those who find themselves in emergency situations on the West Rand could be in more trouble than they think because protesting municipality workers are preventing critical services from being carried out.

conditional negative
South African Rand Exchange Rate: Weak ZAR Outlook For Q4 2018 & Q1 2019 As S.A Growth Falters

Despite weakening against a basket of other currencies in the first half of 2018, the South African Rand has steadily rebounded in the foreign exchange markets since the start of September.

conditional neutral
Johannesburg Weather: Severe thunderstorms observed over the West Rand
Johannesburg Weather: Severe thunderstorms observed over the West Rand

Lightning and thunderstorms are observed over large parts of Roodepoort.Â

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Dollar to rand: Six major factors that determine the exchange rate
Dollar to rand: Six major factors that determine the exchange rate

With the dollar to rand exchange rate on a never-ending rollercoaster, we've decided to see what exactly makes our markets tick.

indicative positive
South African rand firms on U.S.-China trade optimism

JOHANNESBURG, Nov 13- South Africa's rand firmed against the dollar in early trade on Tuesday, in line with a rise in stocks, as hopes of a.

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BRIEF-Neway Valve Suzhou Plans Share Buyback Worth 80-200 Million Yuan Within Six Months

Nov 16 (Reuters) - Neway Valve Suzhou Co Ltd: * SAYS IT PLANS TO BUY BACK COMPANY SHARES WORTH 80-200 MILLION YUAN ($11.51-$28.78 million) WITHIN SIX MONTHS Source text in Chinese: https://bit.ly/2K7IA0Z ...

indicative negative
BRIEF-Zhejiang Hailiang To Buy Back 500-1,000 Million Yuan Worth Of Company Shares

Nov 16 (Reuters) - Zhejiang Hailiang Co Ltd: * SAYS IT PLANS TO BUY BACK 500-1,000 MILLION YUAN ($71.96-143.92 million) WORTH OF COMPANY SHARES WITHIN SIX MONTHS Source text in Chinese: https://bit.ly/2PxIztl ...

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BRIEF-Shenzhen Sunlord Electronics To Buy Back 100-200 Million Yuan Worth Of Company Shares

Nov 16 (Reuters) - Shenzhen Sunlord Electronics Co Ltd : * SAYS IT PLANS TO BUY BACK 100-200 MILLION YUAN ($14.39-28.78 million)WORTH OF COMPANY SHARES WITHIN 12 MONTHS Source text in Chinese: https://bit.ly/2Tc5WH7 ...

indicative negative
PetroChina's gas marketing consolidation worries independent...

PetroChina will merge its wholesale natural gas sales unit with retail provider Kunlun Energy to shore up profits though the move worries independent gas sellers that fear the combination will create a monopoly.

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Johannesburg news

Johannesburg Weather: Severe thunderstorms observed over the West Rand
Johannesburg Weather: Severe thunderstorms observed over the West Rand

Lightning and thunderstorms are observed over large parts of Roodepoort.Â

indicative positive
Mining conflicts multiply, as critics of “extractivism” gather in Johannesburg

The World Social Forum's “Thematic Forum on Mining and Extractivism” convenes from 12-15 November 2018 in Johannesburg, South Africa, just after the (...)

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A view of Johannesburg through lenses from a different era

Johannesburg Then and Now is an important book about what ought to be appreciated and "saved".

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Mashaba gets the thumbs down from Twitter after citizen's arrest

Some have questioned which by-laws were broken.

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DISCOP Johannesburg 2018: What not to miss
DISCOP Johannesburg 2018: What not to miss

Taking place from 14 to 16 November, here are some inside tips for getting the best out of the market

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Survey finds that quality of life is improving in Gauteng
Survey finds that quality of life is improving in Gauteng

Despite challenging economic conditions, the overall quality of life (QoL) in Gauteng province continues to improve.

indicative positive
Gauteng weather: Johannesburg residents warned to use water sparingly
Gauteng weather: Johannesburg residents warned to use water sparingly

Level 1 water restrictions are now in place.

indicative positive
OR Tambo airport defends barring boy’s toy snake from flight

OR Tambo International Airport has defended stopping a five-year-old boy from boarding a flight with a stuffed toy snake as his hand luggage over the weekend in Johannesburg.

conditional negative

1 ZAR to CNY currency converter in Johannesburg