South African Rand

South African Rand

South African Rand overview

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.

1 ZAR to USD exchange rates chart

ZAR to  exchange rates chart

South African Rand news

Rand gains ahead of GDP data

The rand moved in tandem with other emerging markets which have been buoyed by thaw in tensions between the world’s top two economies as presidents Donald Trump and Xi Jinping struck a deal at the G20 summit over the weekend in Argentina.

about 1 month conditional positive
South Africa's Rand Falls to 2-Year Low As Turkey Rout Spreads

Magnitude of rand's slide came after three days of heavy losses and caught South African Reserve Bank by surprise, but deputy governor at bank told Reuters that regulator was 'nowhere near' intervening to support currency

about 2 months conditional positive
South African rand weaker as risk appetite muted

The South African rand slipped early on Tuesday, erasing gains from the previous session as appetite for riskier assets was muted on global markets.

2 months subjunctive neutral
UPDATE 2-South African rand rallies on Moody's, stocks track Asia...

* Rand rallies for third session to fresh one-week best

2 months indicative positive

ZAR currency converter