+1 Rand (ZAR)

The Rand is issued by the South African Reserve Bank.

Alphabetic code
ZAR
Numeric code
710
Symbol
R
Minor units
2
Example
ZAR 1,234.50
Used in
South Africa, Lesotho, Namibia, Eswatini (common monetary area)

History

  1. 1961 The rand replaces the South African pound on 14 February, at 2 rand to 1 pound.
  2. 1995 The financial rand, a separate exchange rate for non-residents’ capital transactions, is abolished in March.
  3. 2001 The rand falls 37.4 per cent against the US dollar during 2001.

Live exchange rates

Sources