South African Rand (ZAR)

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About South African Rand (ZAR)

The South African Rand is used as the national currency by the Republic of South Africa. Generally abbreviated as ZAR, the South Africa currency is further subdivided into 100 cents. Introduced in the year 1961, this South Africa Currency is used by the Common Monetary Area, consisting of four countries – Zimbabwe, Swaziland, Namibia and Lesotho. Between 1961 and 1982, the South African currency had a higher value against the US Dollar. In 1990’s the South African currency got a new look with images of Big Five wildlife species.
Some facts that you ought to know about the zar:

The short name for South African currency is ZAR –Zuid –Afrikaanse Rand. The symbol for ZAR is R.
The coins used the most are 5C, 10C, 20C, R 1, R 2, R 5.
The most frequently used banknotes are C R 10, R 20, R 50, R 100, R 200.
The South African reserve bank is the official bank of South Africa.

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What People are Saying

It was my first trip to Australia, that too for higher education. Being a student, I had my own apprehensions, along with different suggestions from different people. While I was conducting my own research to find out the best rates for forex, I landed upon the Thomas Cook website, which offered me some very convenient student services in addition to my basic requirement of buying Australian dollars. I never had to look back after that. Thank you, Thomas Cook.

Sahil Shah

I had planned a surprise trip for my wife to Australia, for our first wedding anniversary. Buying forex was the only task left after I had made all the other arrangements. During all this while I had a close eye on the Australian dollar rate, considering that generally it is very high, however I couldn’t figure the right time to buy the dollar. Thanks to the Thomas Cook experts team who advised me on the way around, and I ended up buying the currency at the best rates possible.

Chiranjit Hira

I had some basic queries before I could decide of buying AUD, and I must say that the Thomas Cook team was professional enough in handling all of them. So much so that later when I returned from my trip I had no doubts in my mind about selling the spare AUD to Thomas Cook and the service quality was still intact.

Pratish Shaw

Quick Facts About South African Rand (ZAR)

Currency Name

South African Rand

Short Name

ZAR

Nicknames:

Symbol(s)

Unit

1/100, Cent

Frequently used coins

5c, 10c, 20c, R 1, R 2, R 5

Frequently used bank notes

R 10, R 20, R 50, R 100, R 200

Central Bank, Name & Website

South African Reserve Bank | www.reservebank.co.za

Territories that use the currency as a part of their legal tender:

Zimbabwe, Swaziland, Namibia and Lesotho

The South African Rand

The official currency of South Africa is in the subdivision of 100 cents. It was introduced in the year 1961. The currency coins are currently under circulation in the country are in the denominations of cents 5, 10, 20, 50, and rand 1, 2 and 5. Similarly, the bank notes that are currently under nationwide circulation are in the denominations of rand 10, 20, 50, 100 and 200. The issuance rights are under the authority of the South African Reserve Bank.

states that use the US south african rand as a part of their legal tender:
Zimbabwe, Swaziland, Namibia and Lesotho

How to GET BEST forex RATES online?
To find the latest 1 INR to ZAR rate and get information about other exchange rates, simply visit the Thomas Cook website.

If you need to know anything else about the South African currency and customized tour packages of South Africa, turn to Thomas Cook.

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Frequently Asked Questions

What does Rand stand for in the currency name?

The word Rand comes from the Afrikaans proper noun Witwatersrand, which is a 56-kms long scarp in South Africa.

How do I decide the amount of South African Rand I need to buy for the trip?

This is completely dependent on the nature of your trip. If you are confused about the expenses that you might have to incur while you are on the trip, then please contact our team of experts and they will guide you with the proceedings.

Is there any specific limit to carry Rand if I am travelling to South Africa?

You may carry up to ZAR25,000 in cash, and for foreign currencies the limit is up to USD10,000. However, in case the amount you are carrying exceeds the given limit, then you must declare the same.

What are the best currencies to use in South Africa?

You will need to have Rand at hand to make any transactions. Otherwise you can use bank cards or forex cards to make any digital transactions. We suggest you buy Rand before you leave for your trip to South Africa. For more information please contact our experts and they will facilitate you with appropriate information.

Where can I buy the South African Rand?

While you can buy from any authorised vendor, we suggest you conduct some thorough research before finalising the purchase. In case you are interested to buy from Thomas Cook, then please the nearest Thomas Cook centre or contact our experts online to get relevant assistance.

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