About this pair
CLP/ZAR: what to know
The CLP/ZAR rate shows how much ZAR you get for 1 CLP. Right now, 1 CLP buys 0.0170 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 58.8283 CLP.
In the short term CLP is driven mainly by the price of copper, while ZAR responds to commodity prices and risk appetite.
The Chilean Peso (CLP) is issued by Central Bank of Chile. The Chilean peso no longer uses cents — the smallest coins are whole pesos. 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.