About this pair
ZAR/RUB: what to know
The ZAR/RUB rate shows how much RUB you get for 1 ZAR. Right now, 1 ZAR buys 5.2597 RUB at the mid-market rate. In the other direction, 1 RUB is worth 0.1901 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while RUB responds to oil and gas prices and sanctions.
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 Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century.
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.