ZAR/CAD: what to know
The ZAR/CAD rate shows how much CAD you get for 1 ZAR. Right now, 1 ZAR buys 0.0843 CAD at the mid-market rate. In the other direction, 1 CAD is worth 11.8640 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while CAD responds to oil prices and the US economy.
The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered. 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”.
Available archived ZAR/CAD observations within the last 365 days range from 0.0804 to 0.0878, with a +3.56% 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.