SOUTH AFRICAN CURRENCY RATE IN INDIA TODAY - SOUTH AFRICAN CURRENCY RAND VS INDIAN RUPEE , US DOLLAR

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The rand (sign: R; code: ZAR) is the official currency of South Africa. The rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Zuid-Afrikaanse rand (South African rand); the ZA is a historical relic from Dutch and is not used in any current context except the country abbreviation, where it is used because "SA" is allocated to Saudi Arabia (and SAR to the Saudi Arabian Riyal). The only correct Afrikaans spelling is Suid-Afrikaanse rand.

The rand is legal tender in the Common Monetary Area between South Africa, Eswatini, Lesotho and Namibia, although the last three countries do have their own currencies pegged at par with the rand. When referring to the currency, the abbreviation is usually upper case "R", but the name is written "rand" in lower case in both English[2] and Afrikaans.

Before 1976, the rand was legal tender in Botswana. The Botswanan pula replaced the rand at par in that year.

Source: Wikipedia
Link: https://en.wikipedia.org/wiki/South_A...

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