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Convert 1070 South African Rand (ZAR) to US Dollar (USD)
Exchange rates used for currency conversion updated on 23rd May 2013 ( 23/05/2013 )
Below you will find the latest exchange rate for exchanging South African Rand (ZAR) to US Dollar (USD) , a table containing most common conversions and a chart with the pair's evolution.
The South African Rand (ZAR) to US Dollar (USD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies om;ine and offline.
*Disclaimer: AVERAGE intraday quotes were used for this conversion. The exchange rate the system calculated between South African Rand and US Dollar on 23/05/2013 is 1 ZAR = 0.1048 USD
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.
About US Dollar (USD)
The privately owned and government sanctioned United States Federal Reserve Bank manages the monetary policy for the United States dollar (USD). The USD is the the worlds most widely held reserve currency and the most traded currency in world currency trading markets. The USD is official currency in 14 countries and the unofficial or de facto currency in 37 others. The US dollar is the second largest currency in circulation having been surpassed by the euro. The USD is a floating fiat currency.