This page provides a detailed overview of the historical exchange rates between the South African Rand (ZAR) and the Canadian Dollar (CAD). You can track trends, analyze fluctuations, and make informed decisions for currency exchange, transfers, and investments.
Currency Information
ZAR - South African Rand
Our currency rankings show that the most popular South African Rand exchange rate is the ZAR to USD rate. The currency code for South African Rand is ZAR. The currency symbol is R.
The rand was issued in 1961 with the establishment of the Republic of South Africa, replacing the South African pound. As one of the most important currencies in Africa, the rand has a high liquidity in the international market. ZAR is the mainstay currency of the South African economy and is widely used in mining, manufacturing and financial services.
- Main unit: Rand
- ISO code: ZAR
- Currency symbol: R
- Exchange Rate System: Floating exchange rate system
- Central Bank: South African Reserve Bank
CAD - Canadian Dollar
Our currency rankings show that the most popular Canadian Dollar exchange rate is the CAD to USD rate. The currency code for Canadian Dollars is CAD. The currency symbol is $.
The Canadian dollar has been issued since 1858 and was originally valued on the gold standard. As one of the world's major reserve currencies, the Canadian dollar is often regarded as a representative of commodity currency. The CAD is widely used in commodity trading, especially energy and agricultural products trading with the United States.
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- Main unit: 1 yuan
- ISO code: CAD
- Currency symbol: C$ or $
- Exchange Rate System: Floating exchange rate system, determined by market supply and demand.
- Central Bank: Bank of Canada
Historical Exchange Rate Data
This section organizes the historical exchange rate data of 1 ZAR to CAD, including daily data over the past 1 day, 15 days, 30 days, and 90 days. It also marks the highest, lowest, and average rates during each period, helping you easily understand how the exchange rate has changed over time, which is useful for currency exchange, transfers, or investment decisions.
Did you know these factors influence currency exchange rates
Here's a summary of the historical exchange rate data:
| Period | Highest Rate | Lowest Rate | Average Rate |
|---|---|---|---|
| Past 1 day | 0.0812622 | 0.0812622 | 0.0812622 |
| Past 15 days | 0.0813446 | 0.0806374 | 0.0810807 |
| Past 30 days | 0.0816334 | 0.0800067 | 0.0808936 |
| Past 90 days | 0.0816334 | 0.0776303 | 0.0797869 |
Past 7 Days Historical Exchange Rates
Below are the daily average exchange rates of ZAR to CAD for the past 7 days, helping you track the trend during this period. We also provide exchange rate changes of CAD to ZAR, helping you understand fluctuations from different perspectives and better plan your currency exchange, transfers, or fund management.
- ZAR to CAD - Last 7 Days
- CAD to ZAR - Last 7 Days
Factors Affecting the ZAR to CAD Exchange Rate
The actual amount received during remittance is directly affected by the ZAR to CAD exchange rate. Differences in rates offered by banks or platforms may lead to significant differences in the final amount. It’s recommended to compare real-time rates and fees from several providers before making a decision.
When conducting cross-border transactions, pay attention to real-time rates, the bid-ask spread, settlement fees, etc. Especially for large payments, even small differences in the ZAR to CAD exchange rate can result in substantial changes in actual amounts.
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Different banks or payment platforms use various pricing mechanisms. Some use mid-market rates; others add wider spreads, fees, and settlement times. By examining the recent fluctuations in the exchange rate between ZAR and CAD, you can determine whether the current exchange rate is high or low, helping you decide whether to immediately remit, lock up the exchange, or delay the transaction to obtain a better price.
Look at the charts of ZAR to CAD over the past few months. If the trend is upward, it means ZAR is appreciating and exchanging to CAD is more cost-effective; if downward, you may want to act quickly to exchange at a better rate.
Such differences can be significant for large transactions. Causes you to see ZAR to CAD on Platform A as 7.10, while Platform B shows 7.02. be necessary.
Disclaimer: The exchange rate data on this page is collected from public sources for reference only. Due to frequent fluctuations, XTransfer cannot guarantee accuracy or timeliness.
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