About this pair
ZAR/BRL: what to know
The ZAR/BRL rate shows how much BRL you get for 1 ZAR. Right now, 1 ZAR buys 0.3193 BRL at the mid-market rate. In the other direction, 1 BRL is worth 3.1319 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while BRL responds to commodity prices and central-bank policy.
The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered. The Brazilian Real (BRL) is issued by Central Bank of Brazil. The real was introduced in 1994 to end hyperinflation; the plural is “reais”.
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.