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ZAR - South African Rand

South Africa, Rand

The South African Rand is the currency of South Africa. Our currency rankings show that the most popular South Africa Rand exchange rate is the ZAR to USD rate. The currency code for Rand is ZAR, and the currency symbol is R. Below, you'll find South African Rand rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read the XE Currency Blog, or take ZAR rates on the go with our XE Currency Apps and website. More info 

Top ZAR Exchange Rates

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Currency Facts

ZAR Stats

Name: South African Rand

Symbol: R Cent: c

Minor Unit:
1/100 = Cent

Central Bank Rate: 0.00

Top ZAR Conversion:
ZAR/USD

Top ZAR Chart:
ZAR/USD Chart

ZAR Profile

Inflation: 4.80%

Coins:
Freq Used: R1, R2, R5, 5c, 10c, 20c

Banknotes:
Freq Used: R10, R20, R50, R100, R200

Central Bank:
South African Reserve Bank
Website: http://www.reservebank.co.za

Users: South Africa, Lesotho, Namibia

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XE Currency Converter

South African Rand History

As a trading center, multiple currencies circulated throughout South Africa. The first official currency used was the Guilder. During the late 17th century, the Rixdollar was used and was the first South African currency to include paper notes. During British occupation, in 1826, the Cape Colony was put on a sterling basis, though other currencies, including Spanish Dollars, US Dollars, French Francs, and Indian Rupees continued to circulate. In 1921, the Reserve Bank of South Africa was established as the central bank. In 1961, the South African Rand replaced the Pound under a decimalized system. The ratio was 2 ZAR to 1 GBP.

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