XAU/ZAR: what to know
The XAU/ZAR rate shows how much ZAR you get for 1 XAU. Right now, 1 XAU buys 66,574.70 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 0.0000150207 XAU.
In the short term XAU is driven mainly by real interest rates, the dollar and safe-haven demand, while ZAR responds to commodity prices and risk appetite.
The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au. 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 XAU/ZAR observations within the last 365 days range from 66,346.88 to 71,066.39, with a -5.97% change from the first to the last available sample. This is not necessarily a full year of observations or an intraday range.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.