CHF/ZAR: what to know
The CHF/ZAR rate shows how much ZAR you get for 1 CHF. Right now, 1 CHF buys 19.7081 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 0.0507 CHF.
In the short term CHF is driven mainly by safe-haven demand and SNB policy, while ZAR responds to commodity prices and risk appetite.
The Swiss Franc (CHF) is issued by Swiss National Bank (SNB). In uncertain times investors park money in the franc to preserve value. 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 CHF/ZAR rate has ranged between 19.7072 and 22.0887 — a change of -8.55% 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.