Friday, January 20, 2017 1:35 AM
Currencies rates online for Euro (EUR) to South African Rand (ZAR).
Forex data is updating every 5 minutes.
In order to convert currencies, please go to South African Rand (ZAR) to Euro (EUR).
The currency converter uses the latest Forex exchange rates.
The euro (symbol: €; currency code: EUR) is the official currency of the Eurozone, which comprises 19 member states of the European Union (Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxemburg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, Spain). Since its introduction, the euro has been adopted by several sovereign states that are not part of the European Union and include the Principality of Andorra, the Principality of Monaco, the Republic of San Marino, and the Vatican City, as well as by a number territories, departments and sovereign states of Eurozone countries including the Azores, the Canary Islands, and the Madeira Islands, among others. One (1) euro is equal to one hundred (100) euro cents.
The euro is the second largest reserve currency in the world after the United States dollar. It is also the second most traded currency worldwide, while it is estimated that it has surpassed the U.S. dollar in terms of the combined value of banknotes and coins in circulation. It is estimated that the euro is used by approximately 337 million Europeans on a daily basis.
The euro replaced the European Currency Unit (ECU) as an accounting currency on January 1, 1999, at a ratio of 1:1. The circulation of euro coins and banknotes began on January 1, 2002.
The South African rand (symbol: R; currency code: ZAR) is the official currency of South Africa. One (1) rand is equal to one hundred (100) cents.
The rand is issued by the South African Reserve Bank.
The current South African currency was first issued in 1961, replacing the South African pound.