About this pair
ZAR/CLP: what to know
The ZAR/CLP rate shows how much CLP you get for 1 ZAR. Right now, 1 ZAR buys 58.8283 CLP at the mid-market rate. In the other direction, 1 CLP is worth 0.0170 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while CLP responds to the price of copper.
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 Chilean Peso (CLP) is issued by Central Bank of Chile. The Chilean peso no longer uses cents — the smallest coins are whole pesos.
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.