1. Rand is the national currency of South Africa. It's abbreviated as ZAR and represented by the symbol "R".
2. South African Rand was introduced in February 1961, just 3 months before Republic of South Africa was established. Etymologically, Rand comes from "Witwatersrand," meaning white waters ridge upon which Johannesburg and most of South Africa's gold are built.
3. ZAR is also a legal tender of Eswatini, Lesotho and Namibia. All 3 countries peg their national currency to Rand.
4. The issuance right of ZAR is primarily held by the South African Reserve Bank.
5. ZAR bank notes are available in R 10, R 20, R 50, R 100, R 200 denominations.
What is the interbank exchange rate for the South African Rand ?
1 GBP = 23.537100 ZAR
Last update date : 20-03-2025 04:33:17
Last updated on 20-03-2025 04:33:17
The below table shows the exchange rate and inverse exchange rate
Last updated on 20-03-2025 04:33:17
Currency |
Exchange Rate |
Inverse Rate |
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