What is South African Rand (ZAR)?

Question

Accepted Answer

The South African Rand (ZAR) is the official currency of the Republic of South Africa, introduced in 1961, and is widely recognized as one of the most actively traded emerging market currencies, with its value heavily influenced by global commodity prices and the monetary policy of the South African Reserve Bank (SARB).

South African Rand (ZAR)

What is South African Rand (ZAR)?

When was the South African Rand (ZAR) introduced, and how has its exchange rate regime evolved since its inception?

What is the South African Reserve Bank's (SARB) primary mandate, and how does its inflation-targeting framework protect the value of the Rand?

Why is the South African Rand (ZAR) considered a highly volatile emerging market currency, and what are the key domestic and global factors that drive its exchange rate movements?

How has the South African Rand's value performed against the US Dollar since 1961, and what were the most significant historical exchange rate milestones?

Learn More