AUD/ZAR: what to know
The AUD/ZAR rate shows how much ZAR you get for 1 AUD. Right now, 1 AUD buys 11.5049 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 0.0869 AUD.
In the short term AUD is driven mainly by commodity prices and Chinese demand, while ZAR responds to commodity prices and risk appetite.
The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit. The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered.
Over the past 12 months the AUD/ZAR rate has ranged between 10.9469 and 12.0132 — a change of +0.47% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.