About this pair
ZAR/RSD: what to know
The ZAR/RSD rate shows how much RSD you get for 1 ZAR. Right now, 1 ZAR buys 6.2971 RSD at the mid-market rate. In the other direction, 1 RSD is worth 0.1588 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while RSD responds to euro moves and Serbian 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 Serbian Dinar (RSD) is issued by National Bank of Serbia. “Dinar” descends from the Roman denarius — one of the oldest coin names.
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.