About this pair
RUB/ZAR: what to know
The RUB/ZAR rate shows how much ZAR you get for 1 RUB. Right now, 1 RUB buys 0.1916 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 5.2180 RUB.
In the short term RUB is driven mainly by oil and gas prices and sanctions, while ZAR responds to commodity prices and risk appetite.
The Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century. 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.