ZAR/USD: what to know
The ZAR/USD rate shows how much USD you get for 1 ZAR. Right now, 1 ZAR buys 0.0608 USD at the mid-market rate. In the other direction, 1 USD is worth 16.4560 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while USD responds to Fed policy, US growth and global risk appetite.
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 US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Available archived ZAR/USD observations within the last 365 days range from 0.0572 to 0.0638, with a +5.22% change from the first to the last available sample. This is not necessarily a full year of observations or an intraday range.
Your bank, card issuer or exchange office may use a different rate and charge fees. Compare the final amount after the charges disclosed for your offer.