South African Rand to US Dollar | Bank

The South African Rand (ZAR) is the official currency of South Africa. It was introduced in 1961 when it replaced the South African pound. The Rand is also legal tender in the Common Monetary Area between South Africa, Eswatini, Lesotho, and Namibia.

The US dollar (USD) is the official currency of the United States of America (USA). It is the most widely used currency in international transactions and is the world's reserve currency. The US dollar is issued by the Federal Reserve System (Fed) and is divided into 100 cents. It is known for its stability and global influence in the financial markets.