ZAR - South African 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 South African Rand News, or take ZAR rates on the go with our XE Currency Apps and website. More info ►
Top ZAR Exchange Rates
Currency Facts
Name: South African Rand
Symbol: R Cent: c
Minor Unit:
1/100 = Cent
Top ZAR Conversion:
ZAR/USD
Top ZAR Chart:
ZAR/USD Chart
Inflation: 6%
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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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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