South African rand ZAR Exchange Rates

The project, co-produced with True Content Entertainment in Norway, Manna Film in Denmark and Volya Films in the Netherlands, has received support so far from the Flanders Audiovisual Fund (VAF). “Honour of Persia” for instance was short-listed with building winning algorithmic trading systems Moin Film Fund Hamburg Schleswig-Holstein. The drama written, directed by and starring Ebrahimi, is being produced by Mohammad Farokhmanesh for Brave New Work. The Hamburg-based outfit is credited for the 2017 Cannes Critics Week animation hit “Teheran Taboo” toplining Ebrahimi. To view rates between the South African Rand and the US Dollar for a particular year, click on one of the links below. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website.

The controversial land reform programme that was initiated in Zimbabwe, followed by the September 11, 2001 attacks, propelled it to its weakest historical level of R13.84 to the dollar in December 2001. To be showcased in Göteborg in collaboration with the Midpoint Institute, Germany’s “Grammatik” is the directorial debut of Berlin-based Popo Fan, one of the most prolific queer filmmakers and activists from mainland China. Inspired by his own experience, “Grammatik” tells the love story between a Chinese student and a Syrian refugee, both students at a language school in Hamburg. Producer Ares Shporta of Kosovo’s Vera Films said the project is being co-produced with Italy’s Slingshot Films, the Netherland’s Family Affair Films, Montenegro’s Code Blue Production and North Macedonia’s Dream Factory Macedonia. By developing this idea, I could finally admit it,” she told Variety two years ago in Göteborg where she was jury member. The South African rand, which is abbreviated ZAR, is the national currency of South Africa.

South African Rand to US Dollar Exchange Rate Chart

Each project was carefully picked in conjunction with a national organisation or fund, based on its unique artistic value, advanced financing structure, international potential and clear intention to co-produce with the Nordics. “With Nordic Gateway, we’re introducing an exciting new layer to the Nordic Film Market, creating a space where international projects can connect with Nordic professionals. In today’s challenging financing climate, building meaningful connections and partnerships is more vital than ever to bring strong stories to the screen,” said Josef Kullengård, Head of Industry at the Göteborg Film Festival. The rand was introduced in 1961 and takes its name from the Witwatersrand, the ridge upon which Johannesburg is built and where most of South Africa’s gold deposits were found. The Rand circulates freely in Namibia, Swaziland and Lesotho. Gold is the country’s most exported product, representing 14% of total exports in 2021 or $20.1 billion.

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• The Hamburg-based outfit is credited for the 2017 Cannes Critics Week animation hit “Teheran Taboo” toplining Ebrahimi.
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• During British occupation, in 1826, the Cape Colony was put on a sterling basis, though other currencies, including Spanish Dollars, US Dollars, French Francs, and Indian Rupees continued to circulate.
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Banknotes

The currency code for Rand is ZAR, and the currency symbol is R. Below, you’ll find South African Rand rates and a currency converter. Rand coins are issued in denominations of 1, 2, 5, 10, 20, and 50 cents.

By the early 1980s, high inflation and mounting political pressure combined with sanctions placed against the country due to international opposition to the apartheid system had started to erode its value. The currency broke above parity with the dollar for the first time in March 1982. It continued to trade between R1 and R1.30 to the dollar until June 1984, when the currency’s depreciation gained momentum. By February 1985, it was trading at over R2 per dollar, and in July of that year, all foreign exchange trading was suspended for three days to try to stop the depreciation. The ZAR and USD can be traded 24×5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York. Exchange rates can fluctuate by the minute while markets are open.

Afrikaans was the first language on the 2, 10, and 50 rand, while English was the first on the 5 and 20 rand. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. You’ll now see the value of the converted currency according to the most recent exchange rate. The rand was one of the emerging market currencies that was hit hard by the 2008 financial crisis and the coronavirus pandemic. As of September 2024, the rand was worth about 0.05 USD.

Change Converter source currency

Whether you need to make cross-border payments or FX risk management solutions, we’ve got you covered. Schedule international transfers and manage foreign exchange risk across 130 currencies in 190+ countries. Its symbol is simply ‘R’, and its currency code is ZAR, from the pivot point trading strategies Dutch ‘zuid-afrikaanse rand’, or South African rand.

This tool is ideal for auditors, CPAs, tax professionals, and anyone who needs accurate and authoritative foreign exchange data for spot checking, analysis, and reporting. Currency data can be displayed in a graph or table view with up ironfx review to 10 currencies at a time. When the rand was introduced in 1961, its value was linked to the price of gold. After the end of apartheid, the rand’s value began to fluctuate more as South Africa’s economy became more closely tied to the global economy. We partner with leading data providers to bring you the latest and most accurate prices for all major currencies, cryptocurrencies and precious metals. The currency, cryptocurrency and precious metals prices displayed on our site are aggregated from millions of data points and pass through proprietary algorithms in order to deliver timely and accurate prices to our users.

However, the rand weakened significantly during the second and third quarters of 2006 (i.e., April through September). By the time that State President P. W. Botha made his Rubicon speech on 15 August 1985, it had weakened to R2.40 per dollar. The currency recovered somewhat between 1986 and 1988, trading near the R2 level most of the time and breaking beneath it sporadically. The recovery was short-lived; by the end of 1989, the rand was trading at more than R2.50 per dollar. Each year, more than 500 professional sign up for Göteborg’s Nordic Film Market, the prime industry showcase for Nordic films in development and post-production looking for co-financing, distribution and festival platforms. Göteborg”s other popular industry event, TV Drama Vision, unspools Jan. 28-29, 2025.

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem.