## Currency Converter

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1 USD = 70.19 INR

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The official currency of South Africa is the South African Rand, and its currency code is ZAR or R. The frequently used coins and banknotes are R1, R2, R5, R10, R50, R100, and R200. Each Rand is further subdivided into 100 cents (c), with coins of 5c, 10c, and 20c. You can convert a Rand into INR or vice versa manually or through a currency calculator. Jupiter's currency calculator is a simple tool that will help convert any currency into INR within seconds. Read to find out more about INR to ZAR conversion using the tool.

## How to convert the South African Rand to Indian Rupee?

You can convert South African Rand to INR manually or through a currency converter tool. Let’s look at each of these methods below.

### Method 1: Manually

• Step 1: Find out the latest exchange rate of INR to ZAR. As of February 4th 2023, the INR to ZAR is 0.21 ZAR.
• Step 2: Divide the amount you want to convert to INR with the above exchange rate to get the equivalent amount in INR.

Let's understand this with the help of an example.

To convert ZAR 10,000 to INR, you must divide ZAR 10,000 by 0.21 ZAR.

INR = 10,000/0.21

INR = 47,619

Hence ZAR 10,000 equals INR 47,619.

### Method 2: Using a currency converter tool

• Step 1: Select ZAR from the drop-down of Jupiter's currency converter tool.
• Step 2: Enter the amount you want to convert to INR.

The calculator will automatically give you the equivalent amount in INR along with the latest exchange rate.

Although the manual method is easy, using a currency calculator saves time. Moreover, it also uses the latest exchange rate, making it easy for you to estimate the amount you will get post-conversion.

### Where can I convert INR to ZAR?

You can convert Indian Rupee into South African Rand through a bank or money exchanger. You can personally visit their branch, fill out a form, submit proof of identity, and pay in cash or cheque. In return, you can collect Rands in cash or get it transferred to your account.

Alternatively, you can also convert your INR to ZAR online by visiting the websites of banks or money exchangers. The bank or money exchanger will either deliver Rands to your doorstep or load them into a prepaid card.

## Things about the South African currency, ZAR, that you should know

### Rand got its name from the landscape

Rand is derived from the word ‘Witwatersrand’, which means white waters’ ridge in Dutch and Afrikaans. White waters ridge is the name of the steep slope where Johannesburg sits, which is also the region where most of the gold comes from.

### South African Rand banknotes feature multiple languages

South Africa has eleven national languages, and at least one of the bank notes has one language printed on it.

### South Africa’s first currency is Dutch

The traders from the Netherlands bought the Dutch guilder currency in the 1600s, which was in use for many years until the British took control of Africa. After that, the Pound and shillings were in use until 1961.

### Old bank notes are still in circulation

The South African Reserve Bank (SARB) exchanges old currency notes at face value, even if they are not widely used in the country at present.

#### Rand 100 banknote has the image of Robben Island Prison

Nelson Mandela spent eighteen years of his life in the Robben Island Prison before he became the first president. As this is considered an important part of South Africa’s history, it was imprinted on the reverse side of ZAR 100.

The South African Common Monetary Area has South Africa, Eswatini, Lesotho, and Namibia as members. The Rand can be used in any of these four countries. Although each of them has its own version of the Rand, all the currencies are of the same value.

## INR to ZAR historical rates

 Year ZAR to INR Year ZAR to INR 2003 6.37 2013 5.58 2004 7.28 2014 5.31 2005 7.24 2015 4.31 2006 6.10 2016 5.00 2007 5.27 2017 5.32 2008 4.76 2018 5.33 2009 6.05 2019 4.85 2010 6.38 2020 4.80 2011 6.31 2021 4.82 2012 5.90 2022 4.69 2023 4.70

Source: Yahoo Finance

### Why is the South African Currency, Rand, called 'ZAR'?

ZAR is the abbreviation of Dutch Zuid-Afrikaanse Rand (ZAR), which is the name of the white water ridge in South Africa.

### Why is the currency of South Africa called the "Rand"?

The Rand derives its name from Witwatersrand, which is a proper noun in Dutch and Afrikaans and means white water ridge. It is a 56 km (kilometre) steep slope on which Johannesburg sits. It is also the region where most of South Africa’s gold is mined.

### Is Rand stronger than Indian Rupees?

Yes, the Rand is stronger than the Indian Rupee. At present, 1 ZAR equals INR 4.72. The GDP per capita of India in 2021 is USD 2,256, and that of South Africa is USD 7,055. This could be why Rand is stronger than INR.

### Which countries have pegged their currency to South African Rand?

Eswatini, Lesotho, and Namibia have pegged their currency to the South African Rand. South Africa, along with the three currencies, form a part of the Southern African Common Monetary Area, and the value of all these currencies is the same. Moreover, the Rand is accepted in all countries, and each of them has its own version of the Rand.

## List of supported countries

🇺🇸 \$ 🇸🇬 \$ 🇨🇦 C\$ 🇹🇭 ฿ 🇨🇭 CHF 🇭🇰 HKD 🇬🇧 £ 🇦🇺 ＄ 🇸🇦 SR 🇯🇵 ¥ 🇿🇦 R 🇳🇿 ＄ 🇦🇪 AED 🇪🇺 € 🇶🇦 QR

## Commonly used currency terms are:

1 lakh which has five zeroes - 1,00,000
1 crore which has 7 zeroes - 1,00,00,000
1 Arab which has 9 zeroes - 1,00,00,00,000
1 Kharab which has 11 zeroes - 1,00,00,00,00,000
1 Neel which has 13 zeroes - 1,00,00,00,00,00,000
1 Padma which has 15 zeroes - 1,00,00,00,00,00,00,000
1 million which has 6 zeroes - 1,000,000 (Ten lakh in Indian common currency terms)
1 billion which has 9 zeroes - 1,000,000,000 (One Arab in Indian common currency terms)