The South African rand is the official currency of South Africa since 1961. Rand is subdivided into 100 cents, symbol "c", its abbreviation R and The ISO 4217 code is ZAR.
Exchange rates are published daily. These rates are provided for indicative purposes only.
The foreign exchange reference rates are published by the European Central Bank.
Currency Name: South African Rand
Local name: Suid-Afrikaanse rand (Afrikaans)
Official user(s): South Africa, Lesotho, Namibia
Unofficial user(s): Swaziland
Currency Symbol/Sign: R
ISO code: ZAR
Central bank: South African Reserve Bank
Subunit: 1 Rand = 100 cents.
Banknotes: R 10, R 20, R 50, R 100, R 200
Coins: 5c, 10c, 20c, 50c, R 1, R 2, R 5.
Black Market for Currency:Yes
Central Bank Rate
The current central bank interest rate is 5.50%
Exchange rates today: Friday 28th of February 2020
|Country||South African Rand||Euro|
|1 ZAR||=||0.0594 €|
|16.842 ZAR||=||1 €|
|20 ZAR||=||1.1875 €|
|50 ZAR||=||2.9688 €|
|100 ZAR||=||5.9375 €|
|500 ZAR||=||29.6877 €|
|1000 ZAR||=||59.3754 €|
The rates are set on the basis of the regular daily concertation procedure between national central banks, which normally takes place at 2.15 p.m. CET. The exchange rates are for reference only and are published daily when TARGET system is open.
Exchange rates currencies are quoted against 1 South african rand : February 28, 2020