South African Rand


Also found in: Acronyms, Wikipedia.

South African Rand

The currency of South Africa. It was introduced in 1961, replacing the South African pound when South Africa became fully independent from the United Kingdom. It was a very valuable currency for most of its early history, but mounting international pressure over apartheid and the uncertainty during reforms since then have greatly weakened it. It has been marked by fairly steady depreciation since the mid-1980s. However, it is a regionally important currency, being used in Namibia and Zimbabwe as well as South Africa.
References in periodicals archive ?
They were further charged with dishonestly handling Sh17,135,000, $1,311, 340 Pounds, 3,660 Euros, five Canadian dollars, 85 Australian dollars, Tsh26,000, 40 South African Rand and Ush20,000.
When one combines ongoing political risk, a technical recession and emerging concerns over potential political interference in the hallowed ground of monetary policy, it creates a picture that sellers will remain in control of the South African rand.
Dollar 3.63000 3.65020 Canadian Dollar 2.86100 2.92400 Australian Dollar 2.86600 2.94700 New Zealand Dollar 2.64100 2.73200 Singapore Dollar 2.62500 2.68400 Hong Kong Dollar 0.44400 0.48600 Korean Won N/A 0.00370 Sterling Pound 4.63800 4.81000 Euro 4.12000 4.26200 Swiss Franc 3.74300 3.89900 Japanese Yen 0.03181 0.03318 Swedish Krona 0.43600 0.44400 Norwegian Krona 0.44600 0.45600 Danish Kroner 0.56100 0.57000 Indian Rupee 0.05500 0.05700 Pakistani Rupee N/A 0.03505 South African Rand N/A 0.29400 Turkish Lira 1.01700 1.09100 Gold/USD 1,238.30 1,239.10 Silver/USD 16.24 16.25 Platinum/USD 914.45 924.45
With an exchange rate of P3 to one South African rand, Cape Town is definitely the place to be for a shopaholic Pinoy.
dollar as well as several other foreign currencies, including the South African rand and the Chinese yuan.
The deflationary conditions that Zimbabwe has been experiencing for the past two years will persist through 2016 due to subdued domestic demand, a weak South African rand and weak international commodity prices.
It was not clear what the plane was transporting, but Zimbabwean police sources said it had large amounts of South African rand on board.
Dubai: The Dubai Gold and Commodities Exchange (DGCX) said on Monday it started trade in three new currency contracts Russian Rouble Futures, Korean Won Futures and South African Rand Futures -- from December 26.
The pound has risen fairly strongly against the South African rand compared with last year, which means travellers will have around PS70 more for every PS500 they exchange.
He has been given a 12 billion South African rand grant from the European Union for the project which is being created in a supercomputer at the Swiss Federal Institute for Technology in Lausanne, Switzerland, News 24 reported.
Fastjet to purchase 1 Time airline Fastjet has agreed an option with a view to purchasing the defunct low-cost airline 1 Time for one South African rand (around seven pence).
The newly added cards come in Australian, Canadian or New Zealand dollars, South African rand and Swiss francs.

Full browser ?