ZAR - South African Rand
The South African Rand is the currency of South Africa. Our currency rankings show that the most popular South African Rand exchange rate is the ZAR to USD rate. The currency code for Rand is ZAR, and the currency symbol is R. Below, you'll find South African Rand rates and a currency converter.
As a trading center, multiple currencies circulated throughout South Africa. The first official currency used was the Guilder. During the late 17th century, the Rixdollar was used and was the first South African currency to include paper notes. During British occupation, in 1826, the Cape Colony was put on a sterling basis, though other currencies, including Spanish Dollars, US Dollars, French Francs, and Indian Rupees continued to circulate. In 1921, the Reserve Bank of South Africa was established as the central bank. In 1961, the South African Rand replaced the Pound under a decimalized system. The ratio was 2 ZAR to 1 GBP.
South African Rand Stats
| Name | South African Rand |
|---|---|
| Symbol | R |
| Minor unit | 1/100 = Cent |
| Minor unit symbol | c |
| Top ZAR conversion | ZAR to USD |
| Top ZAR chart | ZAR to USD chart |
South African Rand Profile
| Coins | Freq used: 5c, 10c, 20c, R1, R2, R5 |
|---|---|
| Bank notes | Freq used: R10, R20, R50, R100, R200 |
| Central bank | South African Reserve Bank |
| Users | South Africa, Lesotho, Namibia South Africa, Lesotho, Namibia |
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