ZAR/CHF: what to know
The ZAR/CHF rate shows how much CHF you get for 1 ZAR. Right now, 1 ZAR buys 0.0506 CHF at the mid-market rate. In the other direction, 1 CHF is worth 19.7519 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while CHF responds to safe-haven demand and SNB 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 Swiss Franc (CHF) is issued by Swiss National Bank (SNB). In uncertain times investors park money in the franc to preserve value.
Over the past 12 months the ZAR/CHF rate has ranged between 0.0453 and 0.0506 — a change of +11.10% 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.