About this pair
BRL/ZAR: what to know
The BRL/ZAR rate shows how much ZAR you get for 1 BRL. Right now, 1 BRL buys 3.1319 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 0.3193 BRL.
In the short term BRL is driven mainly by commodity prices and central-bank policy, while ZAR responds to commodity prices and risk appetite.
The Brazilian Real (BRL) is issued by Central Bank of Brazil. The real was introduced in 1994 to end hyperinflation; the plural is “reais”. The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered.
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.