Complete list of startup schemes and grants in Singapore
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The South African Rand (ZAR) is the official currency of South Africa and is also used in Lesotho, Eswatini, and Namibia as part of the Common Monetary Area. Introduced in 1961, the rand is issued by the South African Reserve Bank. It is a free-floating currency, often influenced by global commodity prices due to South Africa’s strong mining sector. The rand is available in both coins and banknotes, with a history of volatility caused by economic and political factors.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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