Exchange Rates
South Africa Exchange Rates on exchange-rates.co.za are updated several times a day.
Exchange rates are supplied as is and are for your info only. exchange-rates.co.za and partners can and shall not be held responsible for any loss that may arise from the use of these rates they might differ from the commercial rate you might receive at the banks or foreign exchange bureaus.
| One South African Rand equals | | Last Update @ 2012/01/28, 1:02 Africa/Johannesburg |
| 0.129 United States Dollar | | One United States Dollar equals 7.76 ZAR |
| 0.098 Euro | | One Euro equals 10.26 ZAR |
| 0.082 British Pound | | One British Pound equals 12.2 ZAR |
| 0.121 Australian Dollar | | One Australian Dollar equals 8.27 ZAR |
| 0.129 Canadian Dollar | | One Canadian Dollar equals 7.73 ZAR |
| 0.817 Chinese Yuan | | One Chinese Yuan equals 1.22 ZAR |
| 9.878 Japanese Yen | | One Japanese Yen equals 0.1 ZAR |
| 0.118 Swiss Franc | | One Swiss Franc equals 8.5 ZAR |
| 0.999 Hong Kong Dollar | | One Hong Kong Dollar equals 1 ZAR |
| 6.367 Indian Rupee | | One Indian Rupee equals 0.16 ZAR |
| 0.156 New Zealand Dollar | | One New Zealand Dollar equals 6.4 ZAR |
| 0.392 Malaysian Ringit | | One Malaysian Ringit equals 2.55 ZAR |
| 0.161 Singapore Dollar | | One Singapore Dollar equals 6.2 ZAR |
| 3.802 Mauritius Rupee | | One Mauritius Rupee equals 0.26 ZAR |
| 1.001 Namibian Dollar | | One Namibian Dollar equals 1 ZAR |
| 20.744 Nigerian Naira | | One Nigerian Naira equals 0.05 ZAR |
| 0.938 Botswana Pula | | One Botswana Pula equals 1.07 ZAR |
| 4.006 Thai Baht | | One Thai Baht equals 0.25 ZAR |
| Brought to you by Exchange Rates South Africa |
Latest Currency News
Posted by
admin -
January 28, 2010 at 12:25 pm
The rand reached 8.50 against the dollar in afternoon trading on Wednesday the 23rd of september 2011. As a result it hit its worst level in 2011 on growing concerns of a recession in europe.
The euro crisis is really taking its toll on the already volatile South African Rand. It has been moving up and down. What do you think? Must the greeks leave the euro zone for the world economy to stabilise or do we all have to give a helping hand to let them survive.
Is helping the Greeks just postponing the final outcome ? Bankruptcy of Greece
The South African Rand, is currently one of the most traded and volatile emerging market currencies. It has traded in a range of R6.59/$ to R8.26/$ in 2011, its volatility increasing in the past two months due to global financial turmoil and the European crisis caused by poor performing countries in the euro-zone like Greece.
The South Aftican Rand (ZAR) has recovered form it worst levels in the last few days and is Currently Trading at 7.79 to the US Dollar.
The rand is taking leads from the euro which has recovered quite a bit. The market has also been a bit short and we’ve seen some export selling which have also helped to strengthen the rand,” a currency trader said.
Although stronger the Rand will still be a highly volatile currency in the near future
2011/09/22, The rand took a beating against all major currencies, panic buying of dollars by importers and a general negative sentiment about the eurozone is hurting the rand badly. South Africans will have a brace themselves for a higher inflation outlook, higher petrol prices and more expensive imported electronic gadgets
The rand being fairly strong the last few months is under pressure and has hit a 14-month low against the dollar on Tuesday the 20th September 2011 , with many factors pointing to more losses for the Rand, already the worst performing Currency among emerging market currencies.
The rand has lost close to 5% to the dollar so far this year, but it is still up about 20% since the beginning of 2009. The strong South African Rand has managed to keep inflation low for the last few years, but with the currently weakening of the South African Rand the outlook for inflation increase is looming
South Sudan, officially known as The Republic of South Sudan, is a newly established country in East Africa. Its capital and largest city is Juba, located in the southern state of Central Equatoria. The landlocked country is bordered by Ethiopia to the east; Kenya to the southeast; Uganda to the south; the Democratic Republic of the Congo to the southwest; the Central African Republic to the west; and the Sudan to the north. South Sudan includes the vast swamp region of the Sudd formed by the White Nile, locally called the Bahr al Jabal.What is now South Sudan was part of the British and Egyptian condominium of Anglo-Egyptian Sudan and became part of the Republic of the Sudan when independence was achieved in 1956. Following the First Sudanese Civil War, the Southern Sudan Autonomous Region was formed in 1972 and lasted until 1983. A second Sudanese civil war soon developed and ended with the Comprehensive Peace Agreement of 2005. Later that year, southern autonomy was restored when an Autonomous Government of Southern Sudan was formed. South Sudan became an independent state on 9 July 2011 at midnight (00:00) local time following a referendum held in January 2011 in which nearly 99% of voters opted for independence from the rest of Sudan. On 14 July 2011, South Sudan become a United Nations member state. South Sudan has also applied to join the Commonwealth of Nations, the East African Community, the International Monetary Fund,and the World Bank. The country was declared eligible to apply for membership in the Arab League as well.
With the creation of South Sudan a new currency will be used as well known as the South Sudanese Pound
The rand was showing stronger against the dollar in late trade on Tuesday after the Competition Tribunal said it had approved the merger between retail giant Walmart and Massmart Holdings with the conditions as proposed by walmart and massmart (makro,dion wired,builders warehouse and game)
The rand/dollar has broken the R6.82/$ level, which is excellent for our currency
The Walmart deal will bring a lot of positives to South Africa, for the economy and consumers alike
The rand fell more than 1.6% against the dollar during trade on Friday, breaching R7.00/US Dollar for since nearly 2 months on troubles concerning the eurozone debt which have investors think twice about risky assets.
Is this the beginning of the end to a strong Rand, certain analyst certainly think that the Rand is not going to hold up to its strength of the last few months
The South African Rand (ZAR)has been very volatile over the past few months and certainly again over the past few days. What causes the volatility of the South African Rand ?
- Overseas Jitters and Happenings ?
- Uncertainty ?
- Speculation ?
Today the rand lost some ground again after it gained today. Reason was that a press conference to be held by Zuma & Gordhan. The currency markets didn’t know why so the rand lost ground. I guess todays drop could have been caused by uncertainty
See more in the article below
http://www.fin24.com/Markets/Currencies/Rand-rattled-by-Zuma-Gordhan-briefing-20110325
What is your opinion of the volatile South African Rand (ZAR) and what do you thinh causes it ?
