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. Download our free e-book, BILATERAL RELATIONS AND TRADE BETWEEN THE EUROPEAN UNION AND SOUTH AFRICA – MONETARY CURRENCIES AND EXCHANGE RATES ( EURO TO RAND ), History of relations between South Africa and the European Union, Bilateral trade between the eurozone and South Africa, WHAT A EURO IS, ITS HISTORY AND WHERE IT IS USED, Advantages, disadvantages and positive results due to the introduction of the euro, CURRENT DENOMINATIONS, ABBREVIATIONS, VALUATIONS OF THE EURO, THE SOUTH AFRICAN RAND AND WHERE IT IS USED, DENOMINATIONS, ABBREVIATIONS, VALUATIONS OF THE RAND, HISTORY OF THE SOUTH AFRICAN RAND AS CURRENCY. All notes bore the image of Jan van Riebeeck. Exchange. One South African rand traded to an exchange rate of 0.062 euro. The rand is subdivided into 100 cents (sign: “c”) and its ISO 4217 code is ZAR, from Zuid-Afrikaanse rand (South African rand); the ZA being a historical relic from Dutch and not used in any current context except the country abbreviation. As a trading centre, multiple currencies circulated throughout South Africa, with the first official currency used the Guilder. Invert the table to see Euros per 1 South African Rand. 180 day | Smaller countries benefited by adopting the euro for being backed by Europe’s powerhouse economies, Germany and France. This further damaged international confidence in the rand, causing an all-time low of R 17.9169 to the US dollar on 9 January 2016. Short-Term US Dollar Relief Only, Longer-Term Case for Further USD Downside say Analysts, Welcome to the EUR ZAR history summary. View a graph which plots historical exchange rates for the South African Rand against the Euro. View historical exchange rates for the South African Rand against the Euro in a tabular format. 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. In 2012 a new set of banknotes bearing Nelson Mandela’s image was issued. Exchange-Rates.org © 2020 MBH Media, Inc. 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. EUR to ZAR currency chart. By 1985 it had weakened to R 2.40 per dollar, recovered somewhat between 1986–88, but by the end of 1989, was trading at more than R 2.50 per dollar. To curb counterfeiting, a new 5-rand coin with more security features was released in 2004. 1 yr | The 2-rand coin was introduced in 1989, followed by 5-rand coins in 1994. Most currency rankings show that the most popular South Africa Rand exchange rate is the EURO to ZAR rate. 72% of retail investor accounts lose money when trading CFDs with this provider. The reason some countries are reluctant to give up authority over their monetary and fiscal policies when they joined the eurozone was because adopting the euro meant they also lose the ability to print their currency – which allows them to control inflation by raising interest rates or limiting their money supply. 120 day | Its second phase was launched in 2002 when euro coins and banknotes were introduced – each country with its own distinct form of the euro coin. The table below shows historical exchange rates between the South African Rand (ZAR) and the Euro (EUR) between 4/26/2020 and 10/23/2020, min = 18.7736 (June 10) avg = 19.6695 max = 20.7935 (August 10). 60 day | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Several factors however affected the exchange rate. Sign up for free EUR ZAR rate alerts or just get daily/weekly rates and news to your inbox? please copy and paste the HTML from below into your page: Euro(EUR) To South African Rand(ZAR) Exchange Rate History, Euro(EUR) To South African Rand(ZAR) History Graph, History Friday 16/10/2020 - Sunday 25/10/2020, Euro(EUR) To South African Rand(ZAR) Exchange Rates History. Euros are divided into euro cents, each cent being one one-hundredth of a euro. In January 2014, the rand slid to R11.25 to the dollar and over a four-day period in December 2015, it dropped over 10% due to a surprise replacement of then Finance Minister Nhlanhla Nene with the little-known David van Rooyen. Export this data to a CSV file which can be imported by Microsoft Excel. They also must keep their annual budget deficits lower than 3% of their gross domestic product and their debt-to-GDP ratio be less than 60% and many haven’t been able to cut spending enough to meet this. Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain adopted the euro right away. South African Rand (ZAR) to Euro (EUR) Historical Exchange Rates on 30th April 2020 (30/04/2020) On April 30, 2020 the Official ZAR to EUR Exchange Rate: Close: 1 ZAR = 0.0493 EUR If you would like to graph 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. This page shows the historical data for Euro(EUR) To South African Rand(ZAR) From Sunday 27/09/2020 To Monday 19/10/2020. 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. This is the Euro (EUR) to South African Rand (ZAR) exchange rate history summary page, detailing 180 days of EUR ZAR historical data from Saturday 25/04/2020 to … The Euro is the official currency of the European Union. The 1-rand note was replaced by a coin. The euro is the form of money for the 19 member countries of the eurozone. Coins were introduced in 1961 in denominations of 1⁄2, 1, 21⁄2, 5, 10, 20, and 50 cents, the smaller ones later discontinued. South African Rand to Euro history, Or perhaps visit the currency HOME PAGES? This is the, International (Greece followed in 2001, Slovenia in 2007, Malta and Cyprus in 2008, Slovakia in 2009 and Latvia in 2014.). Check live ZAR to EUR exchange rates chart, history South African Rand to Euro exchange rates data in charts and detailed tables. 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. Select your … Please visit South African Rand(ZAR) To Euro(EUR). Under the SADC EPA, the EU has fully or partially removed customs duties on 98.7% of imports from South Africa while guaranteeing full free access to the rest of the signing countries but the African signatories will not be required to respond with the same level of market openness as the EU will provide. Trade relations and development co-operation between South Africa and the European Union (EU) have been governed by the Trade, Development and Co-operation Agreement (TDCA), which has established a free trade area that covers 90% of bilateral trade between the EU and South Africa since 2000. This page shows the historical data for Euro(EUR) To South African Rand(ZAR) From Saturday 03/10/2020 To Sunday 25/10/2020. South African Rand to Euro exchange rate. View average monthly exchange rate history for the South African Rand against the Euro. Yes, you can open a FREE Trading account. ZAR to EUR currency chart. Their processing times are quick. A 1978 series began with denominations of 2-, 5-, 10- and 20-rand, with a 50-rand introduced in 1984. The controversial land reform programme of Zimbabwe, followed by the September 11, 2001 attacks, sent it to R 13.84 to the dollar in December 2001. Convert within 10 seconds your euro to zar. 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. You might like: Live dollar to rand price. View 180 days of exchange rate history for the South African Rand against the Euro. The graph currently shows historical exchange rates for South African Rands per 1 Euro. Historical Exchange Rates - 22 Oct 2020 EUR to USD 22 Sep 2020 to 22 Oct 2020 The South African rand got its name from the Witwatersrand (English “white waters’ ridge”), the ridge upon which Johannesburg is built and where most of South Africa’s gold deposits are mined. The South African rand hovered around 16.2 against the dollar on Friday, its highest level in over a month, on hopes of a breakthrough in stimulus talks in the US. As more people used it, its value grew through the years to reach a record high of US$1.60 on 22 April 2008 but by June 2010, it was back to US$1.20. Invert the table to see Euros per 1 South African Rand. The EU also represents the most significant source of foreign direct investment (FDI) into South Africa. This page shows the historical data for South African Rand(ZAR) To Euro(EUR) From Sunday 27/09/2020 To Monday 19/10/2020. View Data View historical exchange rates for the South African Rand against the Euro in a tabular format. Table of 1 Euro to South African Rand Exchange Rate. Before 1976 the rand was legal tender in Botswana too. Euro to rand explained in more detail later. With the history chart of this currency pairs you can review market history and analyze rate trends. The European Chamber of Commerce and Industry in Southern Africa, established in 2015, provides a clear approach on issues of concern to European businesses invested in the region.