About this pair
ZAR/COP: what to know
The ZAR/COP rate shows how much COP you get for 1 ZAR. Right now, 1 ZAR buys 191.4961 COP at the mid-market rate. In the other direction, 1 COP is worth 0.00522204 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while COP responds to oil and commodity prices.
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 Colombian Peso (COP) is issued by Banco de la República. The 50,000-peso note features the writer Gabriel García Márquez.
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.