Current ZAR-MAD mid-market exchange rate

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Today's ZAR-MAD commentary

Examining the highest and lowest levels of the ZAR-MAD exchange rate, we can observe a very important difference of 12.11% between the maximum level of ZAR 1 = MAD 0.7103 reached on August 8 and the lowest value of ZAR 1 = MAD 0.6243 we observed on August 13. This important variation means that if you were for example exchanging 3,000 ZAR on August 8 you would have received 258 MAD more than on August 13.

ZAR Profile

Name: South African rand

Symbol: R

Minor Unit: 1/100 Cent

Central Bank: South African Reserve Bank

Country(ies): Lesotho, Namibia, South Africa

Rank in the most traded currencies: #20

MAD Profile

Name: Moroccan dirham


Minor Unit: 1/100 Santim

Central Bank: Bank Al-Maghrib

Country(ies): Morocco