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The Rand is the official currency of the Republic of South Africa. The rand is used as legal tender in Lesotho, Namibia and Swaziland officially. The currency is represented by the symbol R and by the ISO code ZAR. Rand is subdivided into 100 cents. The banknotes and coins are issued and circulated by the South African Reserve Bank. The banknotes issued are 10, 20, 50, 100, 200 R and coins of 10, 20, 50c, 1, 2, 5 R. The South African rand has an exchange rate of 5-6 Indian Rupees. Find the live rates of ZAR against INR here.
South Africa is the third largest economy in Africa. The nation which once greatly suffered from the colour discrimination known as the apartheid and has evolved out of it. South Africa has a mixed economy as well as a mixed ethnic culture. The communities consist of Europeans, Asians and Africans. Hence the community is considered to be a rainbow community. South Africa has a large concentration of Indians. The economy of South Africa is mainly resource oriented. Mining is the key industrial activity in the country. Gold, platinum and other earth minerals. Of these Diamond, mining is a key industry in the country. The South African Rand in comparison with the United States Dollar has an exchange rate of 10-14 Rands with one USD.
The South African Rand is available in India due to the higher concentration of Indian communities in South Africa. Even more certain banks such as the state-run State Bank of India operates in South Africa. Hence the availability of the currency in India is out of the question.
| Currency | South African Rand |
|---|---|
| ISO Code | ZAR |
| Symbol | R |
| Nick Name | Buck, smeka, clips, bob, tom |
| Sub Units | Cent (c) ( 1 Rand= 100 Cents) |
| Denominations | |
| Notes | 10, 20, 50, 100, 200 R |
| Coins | 10, 20, 50c, 1, 2, 5 R |
| Valid in | South Africa, Lesotho, Namibia, Swaziland |
Converting the South African Rand to Indian Rupee is very easy with the right vendor and at the right exchange rate. Find the vendors near you that exchange Indian Rupee for South African currency on ExTravelMoney.com. Find the vendor with the best exchange rate and place your order for buying the currency with us. Soon you will be contacted by one of our customer care executives for confirming the order. Then make the payments online and you can even request the vendor to deliver the forex to your home and pick up the KYC documents.
The South African Rand can be exchanged for Indian Rupee in India. So even if you have currency leftover in your wallet or forex card you can change it to Indian currency. Place the order for currency exchange by finding the vendor nearest to you from ExTravelMoney.com. Shortly you will be contacted by our customer service executive to confirm the order. On placing the order you can request the vendor to pick up the forex and KYC documents from your location.
Sending money from India to South Africa can now be easily performed with the help of ExTravelMoney.com. Now send money from your home with simple steps. Place the order for wire transfer online by finding the right vendor for you in your region from our website. Then with the assistance of our support team complete the order and make the payment for the transfer online. Soon the transaction will be processed and the beneficiary will receive the payment in their account within 3 days once the banks complete the procedures. This can vary based on the difference in time zones.
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