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.

Platinum Ounce

Platinum Ounce

Platinum is a chemical element with symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name is derived from the Spanish term platino, meaning "little silver".Platinum is a member of the platinum group of elements and group 10 of the periodic table of elements. It has six naturally occurring isotopes. It is one of the rarer elements in Earth's crust, with an average abundance of approximately 5 μg/kg. It occurs in some nickel and copper ores along with some native deposits, mostly in South Africa, which accounts for 80% of the world production. Because of its scarcity in Earth's crust, only a few hundred tonnes are produced annually, and given its important uses, it is highly valuable and is a major precious metal commodity.Platinum is one of the least reactive metals. It has remarkable resistance to corrosion, even at high temperatures, and is therefore considered a noble metal. Consequently, platinum is often found chemically uncombined as native platinum. Because it occurs naturally in the alluvial sands of various rivers, it was first used by pre-Columbian South American natives to produce artifacts. It was referenced in European writings as early as 16th century, but it was not until Antonio de Ulloa published a report on a new metal of Colombian origin in 1748 that it began to be investigated by scientists. Platinum is used in catalytic converters, laboratory equipment, electrical contacts and electrodes, platinum resistance thermometers, dentistry equipment, and jewelry. Being a heavy metal, it leads to health problems upon exposure to its salts; but due to its corrosion resistance, metallic platinum has not been linked to adverse health effects. Compounds containing platinum, such as cisplatin, oxaliplatin and carboplatin, are applied in chemotherapy against certain types of cancer.As of 2018, the value of platinum is $833.00 per ounce.

12219 South African Rand to Platinum Ounce exchange rates chart

12219 ZAR to XPT exchange rates graph
12219 ZAR to XPT Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

12219 ZAR to XPT exchange rates table

Exchange ZAR to XPT
12219 South African Rand = 1.012 Platinum Ounce
24438 South African Rand = 2.024 Platinum Ounce
61095 South African Rand = 5.060 Platinum Ounce
122190 South African Rand = 10.120 Platinum Ounce
Exchange South African Rand to Platinum Ounce
12219 South African Rand to Platinum Ounce Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

12219 ZAR to XPT exchange rates news

Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Benefits as UK Industrial Orders Recover
Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Benefits as UK Industrial Orders Recover

An unexpectedly strong improvement in the CBI industrial orders index helped to shore up Pound Sterling (GBP), in spite of lingering political worries.

conditional neutral
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

indicative positive
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
Gold futures mark first loss in 5 sessions
Gold futures mark first loss in 5 sessions

Gold futures decline on Tuesday, pulling back from earlier highs to mark their first loss in five sessions, as the U.S. dollar strengthened against most of its currency rivals.

conditional positive
Jubilee Metals Annual Loss Narrows Significantly As Production Jumps

LONDON (Alliance News) - Mining firm Jubilee Metals Group PLC said Wednesday it narrowed its ...

conditional positive
Gold Edges Higher as Dollar Falls

Gold prices swung between small gains and losses before closing higher for the fourth consecutive session, boosted by a slightly weaker dollar.

indicative neutral
Precious metal prices up in Azerbaijan
Precious metal prices up in Azerbaijan

Precious metal prices increased in Azerbaijan on Nov. 16, according to the data published by the country’s Central Bank.

indicative positive

12219 ZAR to XPT currency converter