Convert 311 Canadian Dollar (CAD) to South African Rand (ZAR)
Exchange rates used for currency conversion updated on 17th May 2012 ( 17/05/2012 )
Below you will find the latest exchange rate for exchanging Canadian Dollar (CAD) to South African Rand (ZAR) , a table containing most common Canadian Dollar / South African Rand conversions and a CAD/ZAR chart with the pair's evolution.
The Canadian Dollar (CAD) to South African Rand (ZAR) rates are updated every minute using our advanced technology for live forex currency conversion.
*Disclaimer: AVERAGE intraday quotes were used for this conversion. The exchange rate the system calculated between Canadian Dollar and South African Rand on 17/05/2012 is 1 CAD = 8.2143 ZAR
The Bank of Canada manges the circulation and monetary policy of the floating yet highly dependent currency. The Canadian dollar (CAD) is heavily intertwined with economic developments in the United States and the USD this is compounded with the high trade dependence Canada shares with the US and is only mitigated by the price of commodities such as oil in which Canada is a net exporter and therefore can leverage these exports to support the CAD independent of the USD. The Bank of Canada follows its mandate of promoting the economic well being of the nation in juxtaposition to the mandate of many central banks as price stability.
About South African Rand (ZAR)
The official currency of South Africa is the rand. The rand is subdivided into 100 cents and is issued in denominations of R 10, R 20, R 50, R 100 and R 200. Foreign currency can be exchanged at most banks as well as at currency exchange offices that are conveniently located around the country in major cities, at airports and most major hotels.