South African Rand (ZAR)

News: South African Rand

• FX OUTLOOK-High-yield currencies seen bid in week ahead - Reuters (3 September 2010, 3:30 pm)
• Rand direction seen dictated by US data - Business Day South Africa (3 September 2010, 3:30 pm)
• SARB is ready for another cut - FXStreet.com (3 September 2010, 2:05 pm)

Reports & Events: South African Rand

• P4141 - Electricity generated and available for distribution, July 2010 (2 September 2010, 11:00 am)
• P0043 - Statistics of Liquidations and insolvencies, July 2010 (30 August 2010, 12:30 pm)
• P0351 - Tourism and Migration, May 2010 (30 August 2010, 11:00 am)

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About the South African Rand

The South African “rand” (plural: rand) is the official currency used in the country of South Africa and is used alongside local currencies in Lesotho, and Namibia. Its official currency code is “ZAR” and it is symbolized by “R”. The primary denominations include 5, 10, 20, 50 cent coins; 1, 2, and 5 rand coins (1 rand = 100 cents); and 10, 20, 50, 100, 200 rand paper bank notes. In South Africa, decimal numbers are denoted using either a comma (e.g. 1,50). The rand has a managed float exchange rate and its value is often seen as being dependent on commodity prices (South Africa’s largest export).

Central Bank: South African Reserve Bank