South Africa: currency



The rand is the currency of South Africa. The graph above demonstrates the exchange rate between the rand and the US dollar from 1950 to 2007. The rand was most valuable in comparison with the US dollar in 2002, and least valuable for the 22 years when it was pegged to the dollar at a rate of $1.40:R 1.

Today, 1 rand is equal to US$0.12, or £0.08.