About this pair
RSD/ZAR: what to know
The RSD/ZAR rate shows how much ZAR you get for 1 RSD. Right now, 1 RSD buys 0.1595 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 6.2713 RSD.
In the short term RSD is driven mainly by euro moves and Serbian central-bank policy, while ZAR responds to commodity prices and risk appetite.
The Serbian Dinar (RSD) is issued by National Bank of Serbia. “Dinar” descends from the Roman denarius — one of the oldest coin names. 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.