60 day | When referring to the currency, the abbreviation is usually upper case “R”, but the name is written “rand” in lower case in both English and Afrikaans. In 2012 a new set of banknotes bearing Nelson Mandela’s image was issued. It is the second most widely used currency in forex trading after the US dollar and the second most widely held foreign exchange reserve used by central banks. They could enjoy lower interest rates because the euro wasn’t as risky to investors than a currency with less demand from users and traders. It replaced the South African pound as legal tender, at the rate of two rand to one pound, or 10 shillings to the rand. If you would like to view historical exchange rates between the Euro and another currency, please select a currency from the list below: Add our free customizable currency converter and exchange rate tables to your site today. View 180 days of exchange rate history for the South African Rand against the Euro. 270 day | It is also known as Ege (Finnish), Pavo (Spanish), and Euráče (Slovak). Tickmill has one of the lowest forex commission among brokers. Check live ZAR to EUR exchange rates chart, history South African Rand to Euro exchange rates data in charts and detailed tables. The table above displays historical exchange rates between the South African Rand and the Euro. The rand is legal tender in the common monetary area between South Africa, Eswatini, Lesotho and Namibia, although the last three countries have their own currencies attached to the rand’s value. BRIEF EXCHANGE RATE HISTORY OF THE EURO TO RAND. In 1983, the apartheid government abolished the financial rand exchange rate system and key international banks refused to renew credit lines for South Africa, which forced the temporary closure of the foreign-exchange market in the country. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. You can do a live conversion of the euro to rand traded today. View average monthly exchange rate history for the South African Rand against the Euro. 5 yrs, Choose alternative years (2010 onwards): 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, Would you like to INVERT currencies? Capital may be transferred in any amount from one country to another within the EU and all intra-EU transfers in euro are treated as domestic transactions, bearing the corresponding domestic transfer costs. thereafter its value fluctuated as various exchange rate dispensations were implemented by the South African authorities. Year 2015 Euro/South African rand (EUR/ZAR) rates history, splited by months, charts for the whole year and every month, exchange rates for any day of the year. CHART: Euro to Rand Forecast, EUR to ZAR foreign exchange rate prediction, buy and sell signals. Pound to Rand Exchange Rate Predictions: GBP/ZAR Stumbles Amid Brexit Drama, Where Next? Since 1826, from British occupation, the country used sterling, while other currencies like Spanish dollars, US dollars, French francs, and Indian rupees continued to circulate. The majority of the methods do not incur any fees. Several factors however affected the exchange rate. By the early 1980s, high inflation and mounting political pressure and sanctions due to international opposition to the apartheid system, had started to erode its value. Select your … Larger companies in turn profited from investing cheaply in less-developed economies. 120 day | Historical Exchange Rates - 22 Oct 2020 EUR to USD 22 Sep 2020 to 22 Oct 2020 This page shows the historical data for Euro(EUR) To South African Rand(ZAR) From Sunday 27/09/2020 To Monday 19/10/2020. At chart page of the currency pair, there are historical charts for the EUR/ZAR, available for up to 20-years. Euro to rand explained in more detail later. Their processing times are quick. This page shows charts for Euro €/South African Rand currency exchange pair, includes, today's chart as intraday, last 6 month, and also for long term charts as 10 years and 20 years. This is the, International Please visit South African Rand(ZAR) To Euro(EUR). Regulated in five jurisdictions. View a graph which plots historical exchange rates for the South African Rand against the Euro. Convert within 10 seconds your euro to zar. Invert the table to see Euros per 1 South African Rand. Sign up for free EUR ZAR rate alerts or just get daily/weekly rates and news to your inbox? View 90 days of exchange rate history for the South African Rand against the Euro. Like the dollar, the euro is managed by one central bank, the European Central Bank, but each country sets its own fiscal policy that affects its value. SOUTH AFRICAN RAND RATES AND A CURRENCY CONVERTER. Before 1976 the rand was legal tender in Botswana too. ZAR to EUR currency chart. Link to this page - if you would like to link to Euro(EUR) To South African Rand(ZAR) Exchange Rates History. The 2-rand coin was introduced in 1989, followed by 5-rand coins in 1994. In 1994, 100- and 200-rand notes were introduced. All notes bore the image of Jan van Riebeeck. Smaller countries benefited by adopting the euro for being backed by Europe’s powerhouse economies, Germany and France. At the time it was trading at 87 cents to the dollar. With the history chart of this currency pairs you can review market history and analyze rate trends. The euro is the form of money for the 19 member countries of the eurozone. Invert the graph to see Euros per 1 South African Rand. The euro symbol is € and its currency code EUR. A 1978 series began with denominations of 2-, 5-, 10- and 20-rand, with a 50-rand introduced in 1984. Export this data to a CSV file which can be imported by Microsoft Excel. Get historic exchange rates for past Euro foreign expenses. XE’s free live currency conversion chart for Euro to South African Rand allows you to pair exchange rate history for up to 10 years. 30 day | Physical investment seems to have increased in the eurozone due to the introduction of the currency, probably because the reduction of the risk associated with changes in currency exchange rates. The name euro was officially adopted on 16 December 1995 in Madrid. FBS has received more than 40 global awards for various categories. During the late 17th century, the Rixdollar was used, the first South African currency to include paper notes. Exchange. 1 yr | The rand has developed into a liquid emerging market currency, most commonly traded against the US dollar. A 180 days of South African rand to euro historical data from Thursday 1 August 2019 to Sunday 26 January 2020 shows the highest exchange rate of 0.063798 EUR to one ZAR on 27 December 2019, a lowest exchange rate of 0.058119 EUR to one ZAR on 10 Aug 2019 and an average exchange rate of 0.061181 EUR to one ZAR over this period. Invert graph The graph currently shows historical exchange rates for South African Rands per 1 Euro. In the 1990s, the notes were redesigned with images of the Big Five wildlife species and coins were introduced for the 2- and 5-rand. The euro was first launched in 1999 as a currency for electronic payments through credit and debit cards, loans and for accounting purposes while old currencies were used for cash only. View Data View historical exchange rates for the South African Rand against the Euro in a tabular format. 72% of retail investor accounts lose money when trading CFDs with this provider. Coins were introduced in 1961 in denominations of 1⁄2, 1, 21⁄2, 5, 10, 20, and 50 cents, the smaller ones later discontinued. Money Transfers, Currency In 1974 the South African authorities delinked the rand from the dollar and introduced a policy of independent managed floating. Would you like to invert the currencies pairs? View the life: euro to rand exchange rate.