ZAR/MXN: what to know
The ZAR/MXN rate shows how much MXN you get for 1 ZAR. Right now, 1 ZAR buys 1.1265 MXN at the mid-market rate. In the other direction, 1 MXN is worth 0.8877 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while MXN responds to the US economy and capital flows.
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 Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol.
Available archived ZAR/MXN observations within the last 365 days range from 1.0389 to 1.1417, with a +5.19% 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.