South African Rand

ZAR

  • Konvertálható: Yes
  • Transzferálható: Yes
  • Árfolyamrendszer: Floating
Deviza Tudástár

Available Currency Pairs

EURZAR

Nézet EUR

USDZAR

Nézet USD

GBPZAR

Nézet GBP

CHFZAR

Nézet CHF

AEDZAR

Nézet AED

AUDZAR

Nézet AUD

CADZAR

Nézet CAD

DKKZAR

Nézet DKK

HKDZAR

Nézet HKD

ILSZAR

Nézet ILS

NOKZAR

Nézet NOK

NZDZAR

Nézet NZD

RONZAR

Nézet RON

SEKZAR

Nézet SEK

PLNZAR

Nézet PLN

SGDZAR

Nézet SGD

ZARHUF

Nézet HUF

ZARTHB

Nézet THB

Transaction Types

FX SPOT
Delivery date: T+1; T+2
Liquidity: high
FX FORWARD
Maximum maturity: 24 months
Liquidity: high

Did You Know?

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Monetary policy

  • The South African Reserve Bank (SARB) is the central bank of South Africa. Its objective is to maintain price stability. Its annual Consumer Price Index is established in the range between 3% and 6%.
  • Price setting method: the floating exchange rate is described as “supervised”. The SARB, therefore, reserves the right to intervene on the spot market to influence the value of the ZAR, mainly against the USD.
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Features and highlights

  • The only freely convertible and transferable currency in the entire African continent, the rand is also one of the most liquid emerging currencies in the world.
  • The high volatility of the ZAR can be partly explained by many uncertainties that weigh on the country, such as political instability, the strong correlation with the price of specific raw materials, as well as problems related to employment and energy.
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Expert opinion

  • The ZAR tends to appreciate in the event of rising commodity prices, and gold in particular as South Africa is a major producer of the metal.
  • In contrast, the ZAR tends to depreciate in times of market stress as it is considered a risky asset in comparison with other currencies.
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Regulations

There are no particular restrictions on the purchase and sale of ZAR.

Important Information

Payments in ZAR to South Africa

The following information is required:

  • BIC Code of the beneficiary bank
  • Full name, address and account number of the beneficiary.

Keep In Mind

PUBLIC HOLIDAYS

New Year's Day 1 Jan
Good Friday 30 Már
Freedom Day 27 Ápr
Youth Day 15 Jún
Heritage Day 24 Sze
Christmas 25 Dec
Human Rights Day 21 Már
Easter Monday (Family Day) 2 Ápr
Labour Day 1 Máj
National Women’s Day 9 Aug
Reconciliation Day 16 Dec
Goodwill Day 26 Dec

When a holiday falls on a weekend, the next business day becomes a holiday

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Currency Reference Guide

Get the full currency reference guide, updated by the iBanFirst currency market experts

Reference guide

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