South African Rand
The South African rand (sign: R; code: ZAR[a]) is the official currency of South Africa. It is also accepted as tender in Namibia, Lesotho and Eswatini alongside their local currencies. The rand is subdivided into 100 cents (sign: "c") and is commonly used in denominations of R 10, R 20, R 50, R 100, R 200 bills and 10c, 20c, 50c, R 1, R 2, R 5 and Krugerrand coins. The rand was introduced in 1961 shortly before the country declared itself a republic.
South African Rand Currency
Currency Exchange Rates
The Rand has been volatile throughout the years due to the countries economy and political status. More recently it has been widely affected by the COVID-19 health crisis. Currently the Rand has increased in value among other currencies such as US dollar since the recovery of COVID-19.