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Buy, Sell or Transfer South African Rand (ZAR) in India at the best exchange rates
| Currency Name | Buy Rate (Card Rate) | Sell Rate |
|---|---|---|
| View Detailed Rate card | ||
Often referred to as Rand, the official currency of South Africa, ZAR, holds a great value for commodities that the country exports in the international market. The word Rand has been taken from the word "Witwatersrand" which refers to the high escarpment of Johannesburg. South Africa is one of the largest exporters of gold and minerals which shoots Rand’s value high. Being a developing economy’s currency, the South African rand has been drawing attention in the last decade for steady and stable growth. The currency has prints of the important monuments and rivers of the country.
ZAR is the national currency of South Africa that was introduced in 1961 after a long battle against unstable economic conditions. The introduction of ZAR replaced the pound at a rate of 2 ZAR to 1 pound. The initial few years marked stable growth for the currency. However, gradually the exchange rate started to decline owing to the degradation in the commodity prices of the country. In 1990 the exchange rate was R2.55 to 1 USD which further declined to R6.14 to 1 USD by 1999. The currency is issued by the Reserve Bank of South Africa with coins in denominations of 1, 2, 5, 10, 20, and 50 while banknotes are available in 10, 20, 50, 100, and 200 rands.
A number of factors are involved when it comes to the exchange rate of ZAR. The exchange rate is nothing but the rate at which 1 ZAR is converted to another currency, say INR. The huge export of gold and minerals from the country and its international price is one essential factors. Apart from this, political, economic, and social stability also plays a vital role since there have been tough political scenarios in the country. Unemployment is another huge stone in the path of ZAR's progress.
Currently, the exchange rate of ZAR to INR is INR 4.54/ZAR. This means you need to have INR 4.54 in order to get one ZAR and 0.22 ZAR to get INR 1.
INR and ZAR are not linked to any international currency as of now. So, their rate of exchange tends to vary every now and then. As of today, the conversion rate of ZAR to INR is INR 4.54 per ZAR. Here is a quick illustration for you to understand:
Krushna Malik is an Indian who resides in Johannesburg, South Africa. He is willing to send 10,000 ZAR to his brother in Pathankot, India. If Krushna makes this transaction today, then his brother will receive INR 45,400. This is because the exchange rate today is INR 4.54 per ZAR.
International transactions are done for different purposes. Hence, in order to make an informed decision, it is essential to have an idea of the current exchange rate and the actual amount that you will get after conversion. For this purpose, you can use a currency converter. It is a sort of online calculator where one can convert their currency and check the amount they will get after conversion. A simple calculation can let you make better decisions. As of today, where 1 ZAR = INR 4.54, the transaction will be as follows:
1 ZAR = INR 4.54
100 ZAR = INR 450
1,000 ZAR = INR 4,540, and
INR 1= 0.22 ZAR
INR 1,000= 220 ZAR
INR 10,000= 2,200 ZAR.
You may wonder who exactly decides the exchange rate and who fixes it after fluctuations. Well, the central banks of the respective country are majorly responsible for such tasks. As in the case of ZAR to INR, the Reserve Bank of South Africa and the Reserve Bank of India are responsible for this duty. Depending on the various factors that drive the value of a currency, the exchange rates are also decided. Before you make any transaction, do not forget to try the simple and easy tool called currency converter.
ZAR and INR are some of the popular currencies in the world. Owing to the several developments in South Africa, the country is also focusing its best to increase the value of ZAR in the international market. On the other hand, India is also going through several economic and monetary advancements and changes to bring more stability to the Indian National Rupee. Recently, India also went through demonetization to wipe off monetary corruption. In the coming times, both countries are hoping to maintain a healthy exchange rate.
In this ever-growing world, there arises no need to visit a currency exchange vendor to sell your unused foreign exchange. Visit our website and use our online money converter to know the live ZAR to INR rate. This tool offers you the ease of calculating the value of South African currency to INR and aids you to sell forex online from the comfort of your home. Do not wait! Visit the Thomas Cook website and the rest will follow.
Thomas Cook leads the market by being one of the world’s best forex and travel partners. What distinguishes us from others is our years of commitment to our customers. When it comes to forex, travelers from across the world rely on us. Our transparent processes and seamless experience have helped us gain the trust of millions around the globe. Why let the value of your money deplete when you can simply convert ZAR to INR at the most competitive prices, ensuring the value of your money remains intact.
What are you waiting for? Partner with Thomas Cook to get the best ZAR to Rupee rate today.
Select currency and denomination you need to carry along
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