South Africa The South African Rand (ZAR) is the official currency of South Africa and is also used in Lesotho, Eswatini, and Namibia as part of the Common Monetary Area. Introduced in 1961, the rand is issued by the South African Reserve Bank. It is a free-floating currency, often influenced by global commodity prices due to South Africa’s strong mining sector. The rand is available in both coins and banknotes, with a history of volatility caused by economic and political factors.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
If you cannot find the location you would like to send to, it means we currently do not support transfers to that destination, but we are working on it! Do come back and check again as we are continuously updating our services.
If you cannot find your desired currency pair, it means that transfers to that specified currency are not supported by our services, but we are working on it! Do come back and check again as we are continuously updating our services.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
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