XPD/ZAR: what to know
The XPD/ZAR rate shows how much ZAR you get for 1 XPD. Right now, 1 XPD buys 20,901.17 ZAR at the mid-market rate. In the other direction, 1 ZAR is worth 0.0000478442 XPD.
In the short term XPD is driven mainly by auto demand and tight supply, while ZAR responds to commodity prices and risk appetite.
Palladium is used mainly in petrol-engine catalytic converters. The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.