The United States Dollar (USD)
The United States Dollar (USD) is unarguably one of the strongest currency in the world today. It is accepted in most parts of the world as a means of payment of services or transactions carried but online and offline. A hundred Cents makes up a Dollar, and the symbols of Cent and Dollar respectively are (¢) and $. The code for the United States Dollar is USD.
Some other countries also make use of the Dollar as their official currency but their value and exchange rates are quite different from that of the United States Dollar. Example of such countries includes; Ecuador, Zimbabwe, Canada, East Timor, Palau, Federated States of Micronesia, Panama, Turks and Caicos Island, Marshall Island, El Salvador, Caribbean Netherlands, British Virgin Islands, etc. One good fact about the United State Dollar is that it has an inflation rate of 0,10%.
The South African Rand (ZAR)
The rand is the currency of South Africa. The Rand is subdivided into 100 cents. The South African Reserve Bank has the exclusive authority to issue coins and banknotes in the country. Coins range in denomination from 5 cents to 50 rands. Banknotes are denominated in values from 10 to 200 rand. South Africa used the British pound sterling until 1921 when the South African pound was introduced. South Africa adopted the rand in 1961
Exchange Rate Of Dollar To Rand Today
The current exchange rate of the Dollar to Rand today is: