what is zar

The project, co-produced with True Content Entertainment in Norway, Manna Film in Denmark and Volya Films in the Netherlands, has received support so far from the Flanders Audiovisual Fund (VAF). “Honour of Persia” for instance was short-listed with Moin Film Fund Hamburg Schleswig-Holstein. The drama written, directed by and starring Ebrahimi, is being produced by Mohammad Farokhmanesh for Brave New Work. The Hamburg-based outfit is credited for the 2017 Cannes Critics Week animation hit “Teheran Taboo” toplining Ebrahimi. To view rates between the South African Rand and the US Dollar for a particular year, click on one of the links below. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website.

By the early 1980s, high inflation and mounting political pressure combined with sanctions placed against the country due to international opposition to the apartheid system had started to erode its value. The currency broke above parity with the dollar for the first time in March 1982. It continued to trade between R1 and R1.30 to the dollar until June 1984, when the currency’s depreciation gained momentum. By February 1985, it was trading at over R2 per dollar, and in July of that year, all foreign exchange trading was suspended for three days to try to stop the depreciation. The ZAR and USD can be traded 24×5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York. Exchange rates can fluctuate by the minute while markets are open.

Note

Whether you need to make cross-border payments or FX risk management solutions, we’ve got you covered. Schedule international transfers and manage foreign exchange risk across 130 currencies in 190+ countries. Its symbol is simply ‘R’, and its currency code is ZAR, from the Dutch ‘zuid-afrikaanse rand’, or South African rand.

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem.

South African Rand to US Dollar Conversion Chart

Each project was carefully picked in conjunction with a national organisation or fund, based on its unique artistic value, advanced financing structure, international potential and clear bdswiss forex broker review intention to co-produce with the Nordics. “With Nordic Gateway, we’re introducing an exciting new layer to the Nordic Film Market, creating a space where international projects can connect with Nordic professionals. In today’s challenging financing climate, building meaningful connections and partnerships is more vital than ever to bring strong stories to the screen,” said Josef Kullengård, Head of Industry at the Göteborg Film Festival. The rand was introduced in 1961 and takes its name from the Witwatersrand, the ridge upon which Johannesburg is built and where most of South Africa’s gold deposits were found. The Rand circulates freely in Namibia, Swaziland and Lesotho. Gold is the country’s most exported product, representing 14% of total exports in 2021 or $20.1 billion.

South African Rand to US Dollar Rates by Year

The controversial land reform programme that was initiated in Zimbabwe, followed by the September 11, 2001 attacks, propelled it to its weakest historical level of R13.84 to the dollar in December 2001. To be showcased in Göteborg in collaboration with the Midpoint Institute, Germany’s “Grammatik” is the directorial debut of Berlin-based Popo Fan, one of the most prolific queer filmmakers and activists from mainland China. Inspired by his own experience, “Grammatik” tells the love story between a Chinese student and a Syrian refugee, both students at a language school in Hamburg. Producer Ares Shporta of Kosovo’s Vera Films said the project is being co-produced with Italy’s Slingshot Films, the Netherland’s Family Affair Films, Montenegro’s Code Blue Production and North Macedonia’s Dream Factory Macedonia. By developing this idea, I could finally admit it,” she told Variety two years ago in Göteborg where she was jury member. The South African rand, which is abbreviated ZAR, is the national currency of South Africa.

  • Our currency rankings show that the most popular South African Rand exchange rate is the ZAR to USD rate.
  • When the rand was introduced in 1961, its value was linked to the price of gold.
  • Rand coins are issued in denominations of 1, 2, 5, 10, 20, and 50 cents.
  • Canada’s “Dance Me to the End of Love”, presented with Quebec’s promotion agency Sodec, is the latest pic by seasoned helmer Philippe Lesage (“The Demons”, “Genesis”).

what is zar

Banks and traditional providers often have extra fxtm review costs, which they pass to you by marking up the exchange rate. Coins were introduced in 1961 in denominations of 1⁄2, 1, 2+1⁄2, 5, 10, 20, and 50 cents. The 1⁄2 cent coin was last struck for circulation in 1973.

ZAR to USD Exchange Rates

However, the rand weakened significantly during the second and third quarters of 2006 (i.e., April through September). By the time that State President P. W. Botha made his Rubicon speech on 15 August 1985, it had weakened to R2.40 per dollar. The currency recovered somewhat between 1986 and 1988, trading near the R2 level most of the time and breaking beneath it sporadically. The recovery was short-lived; by the end of 1989, the rand was trading at more than R2.50 per dollar. Each year, more than 500 professional sign up for Göteborg’s Nordic Film Market, the prime industry showcase for Nordic films in development and post-production looking for co-financing, distribution and festival platforms. Göteborg”s other popular industry event, TV Drama Vision, unspools Jan. 28-29, 2025.

By the end of 2002, the currency Forex spread meaning was trading under R9 to the dollar again, and by the end of 2004, it was trading under R5.70. The currency softened somewhat in 2005, trading around R6.35 to the dollar at the end of the year. At the start of 2006, however, the currency resumed its rally and, as of 19 January 2006, was trading under R6 to the dollar again.