CZK/ZAR: what to know
The CZK/ZAR rate shows how much ZAR you get for 1 CZK. Right now, 1 CZK buys 0.7733 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 1.2932 CZK.
In the short term CZK is driven mainly by Czech central-bank policy and euro moves, while ZAR responds to commodity prices and risk appetite.
The Czech Koruna (CZK) is issued by Czech National Bank. “Koruna” means “crown”. 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 CZK/ZAR rate has ranged between 0.7650 and 0.8461 — a change of -7.42% 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.