What drives South Africa’s need for foreign currency?
In order to effectively manage the flow of financial and real assets into and out of South Africa, exchange controls aim to: avoid the loss of foreign currency resources due to the transfer abroad of real or financial capital assets held in South Africa; and
How much does a rand cost today?
Live South African Rand to Dollar Exchange Rate: 1 ZAR = 0.0546 (Convert South African Rands to Dollars). Today, 18 rands and 34 cents are exchanged for one dollar. The amount will be automatically recalculated when the page is reloaded if there is any change in the $ to R exchange rate.

Why does the dollar to rand conversion rate fluctuate?

The exchange rate between the rand and the dollar, the interest rate, the income, and the money differentials all have a long-term link. The rand weakens as a result of rising commodity prices and a current account balance that is higher than GDP.

At what point did the South African rand outperform the US dollar?

The first time the currency crossed above parity with the dollar was in March 1982, and until June 1984, when the depreciation of the currency picked up speed, it traded between R 1 and R 1.30 to the dollar.

How much is a South African rand worth to a dollar?

1 ZAR = 0.054585 USD Oct 21, 2022 07:50 UTC