ZAR/XAU: what to know
The ZAR/XAU rate shows how much XAU you get for 1 ZAR. Right now, 1 ZAR buys 0.0000150196 XAU at the mid-market rate. In the other direction, 1 XAU is worth 66,579.65 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while XAU responds to real interest rates, the dollar and safe-haven demand.
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 code “XAU” combines “X” (supranational) with gold’s chemical symbol Au.
Available archived ZAR/XAU observations within the last 365 days range from 0.0000140714 to 0.0000150723, with a +6.35% 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.