Currencies

Countries that use the South African Rand

The South African Rand is an official national currency and used only in South Africa. 1 Rand is devided into 100 Cents.

ISO 4127:
ZAR
Numeric:
710
Symbol:
R
1.00 South African Rand = 0.078 US Dollar
(date: 05/19/2018)



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Exchange rate history 1000 ZAR in USD



South African Rand as currency

CountryRegion
South AfricaSouthern Africa


Currencies with a fixed exchange rate to the South African Rand

CurrencyRate
Lesotho Loti1 ZAR = 1 LSL
Namibian Dollar1 ZAR = 1 NAD
Swazi Lilangeni1 ZAR = 1 SZL

US Dollar as currency

CountryRegion
American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
GuamMicronesia
East TimorSoutheast Asia
Marshall IslandsMicronesia
Micronesia, Federated States ofMicronesia
PalauMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United StatesNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Bonaire, Saint Eustatius and SabaCaribbean


Currency reserves for the South African Rand

According to the International Monetary Fund, the total broad money (M3) amounted to ZAR 3,358.96 billion at the end of 2017. For currency hedging, reserves were held in a total amount of 738.55 billion Rands. This corresponds to a ratio of 1:4.5. Or in other words: 1 of 5 Rands is deposited with a countervalue, which is internationally already above average.

Approximately 72.2 billion Rands (9.8%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.

Worldwide currency and gold reserves