CAD/ZAR: what to know
The CAD/ZAR rate shows how much ZAR you get for 1 CAD. Right now, 1 CAD buys 11.8478 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 0.0844 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while ZAR responds to commodity prices and risk appetite.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered.
Available archived CAD/ZAR observations within the last 365 days range from 11.3920 to 12.4386, with a -3.44% change from the first to the last available sample. This is not necessarily a full year of observations or an intraday range.
Your bank, card issuer or exchange office may use a different rate and charge fees. Compare the final amount after the charges disclosed for your offer.