ZAR/CZK: what to know
The ZAR/CZK rate shows how much CZK you get for 1 ZAR. Right now, 1 ZAR buys 1.2934 CZK at the mid-market rate. In the other direction, 1 CZK is worth 0.7732 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while CZK responds to Czech central-bank policy and euro moves.
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 Czech Koruna (CZK) is issued by Czech National Bank. “Koruna” means “crown”.
Over the past 12 months the ZAR/CZK rate has ranged between 1.1819 and 1.3072 — a change of +8.01% 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.