About this pair
ZAR/UAH: what to know
The ZAR/UAH rate shows how much UAH you get for 1 ZAR. Right now, 1 ZAR buys 2.7516 UAH at the mid-market rate. In the other direction, 1 UAH is worth 0.3634 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while UAH responds to the economic situation and international support.
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 Ukrainian Hryvnia (UAH) is issued by National Bank of Ukraine. The name “hryvnia” comes from a medieval silver weight unit used in Kievan Rus.
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.