ZAR/XPD: what to know
The ZAR/XPD rate shows how much XPD you get for 1 ZAR. Right now, 1 ZAR buys 0.0000476499 XPD at the mid-market rate. In the other direction, 1 XPD is worth 20,986.38 ZAR.
In the short term ZAR is driven mainly by commodity prices and risk appetite, while XPD responds to auto demand and tight supply.
The South African Rand (ZAR) is issued by South African Reserve Bank. The rand is named after the Witwatersrand ridge, where gold was discovered. Palladium is used mainly in petrol-engine catalytic converters.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.