Rand: The South African Currency

Home » What Currency Does South Africa Use » Rand: The South African Currency

Maybe your like

Exchange rate history 1 dollar in rands

The graph shown here illustrates the exchange rate development from March 2016 to March 2026. During this period, the exchange rate for 1 dollar moved from 15.39 to 16.80 South African rands. In these 121 months it rose by 9.2 percent.

Over the past week, the closing price fluctuated between 16.29 and 16.80 rands.

› Inflation development in South Africa

Exchange rates to other currencies

1 Euro=19.2754 R
1 Canadian dollar=12.2570 R
1 Australian dollar=11.8305 R
1 Sterling pounds=22.2829 R
1 Mexican peso=0.9425 R
1 Brazilian real=3.2034 R
1 Chinese yuán=2.4355 R
1 Japanese yen=0.1054 R
1 Indian rupee=0.1818 R
1 R=0.0519 Euro
1 R=0.0816 Canadian dollar
1 R=0.0845 Australian dollar
1 R=0.0449 Sterling pounds
1 R=1.0610 Mexican peso
1 R=0.3122 Brazilian real
1 R=0.4106 Chinese yuán
1 R=9.4862 Japanese yen
1 R=5.5003 Indian rupees

These countries have the South African rand

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

Currency reserves for the South African rand

According to the International Monetary Fund, the total broad money (M3) amounted to ZAR 5.430 trillion at the end of 2024. For currency hedging, reserves were held in a total amount of 1.199 trillion rands. This corresponds to a ratio of 1:4.5. Or in other words, 10 of 45 rands are deposited with a countervalue in gold, which is internationally already above average.

Approximately 192.86 billion rands (16.1%) 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

Sources

All conversion rates are based on data from the European Central Bank.Data on currency and gold reserves are from the International Monetary Fund.

Tag » What Currency Does South Africa Use