South African Rand to US Dollar — exchange rate

The South African rand (R) is the currency of the Republic of South Africa. The currency is also legal in Lesotho and Namibia. The rand is a free currency, and in the financial world it is known as ZAR.

One rand is worth 100 cents. In 1961, after leaving the Commonwealth of Nations, the rand replaced the previous currency – the South African pound. All notes since 2012 have had a portrait of the most famous South African figure – Nelson Mandela – on the averse, and the reverse has had images of noble African animals.

The US dollar ($) is the national currency of the United States of America, one of the global reserve currencies. It is used as an official currency unit in Salvador, Marshall Islands, Panama, Bermuda. USD is used as an abbreviation for convenience and internationalization purposes.

The US dollar is subdivided into cents. Every dollar has 100 cents. The currency has existed since 1792. The first dollars were made out of silver, then paper notes appeared. They have had the traditional greenish or grey color from the outset. Around 35 million pieces of dollars of different denomination worth 635 million emigrate to the USA daily. 95% of the banknotes are to replace worn-out notes.