What was the rand dollar exchange rate in 2014?
This is the US Dollar (USD) to South African Rand (ZAR) exchange rate history data page for the year of 2014, covering 365 days of USD ZAR historical data. Best exchange rate: 11.7052 ZAR on 15 Dec 2014. Average exchange rate in 2014: 10.8472 ZAR.
What was USD to ZAR 2010?
7.3137
Average exchange rate in 2010: 7.3137 ZAR. Worst exchange rate: 6.5879 ZAR on 31 Dec 2010.
What was the rand dollar in 2011?
January 2011
| Date | South African Rand to US Dollar Monthly Exchange Rates |
|---|---|
| Saturday 29 January 2011 | R1 ZAR = $0.1393 |
| Sunday 30 January 2011 | R1 ZAR = $0.1394 |
| Monday 31 January 2011 | R1 ZAR = $0.1392 |
| Worst exchange rate of January 2011: 0.1392, Best exchange rate of January 2011: 0.151, Average exchange rate in January 2011: 0.1446 |
How the rate of dollar is decided?
In this system, the value of a currency is determined by the basic economic concept of Demand and Supply. A currency with more demand has a higher value. As the exchange of different currencies takes place in the Exchange market, the demand of each currency in the market determines its value.
What was the rand dollar exchange rate in 2015?
Average exchange rate in 2015: 12.7776 ZAR.
What is the rand exchange rate in 2017?
13.3055 ZAR
Average exchange rate in 2017: 13.3055 ZAR.
What was the rand to the dollar in 1994?
3.42
Rand history
| Year | Rand vs Dollar (11 March) |
|---|---|
| 1994 | 3.42 |
| 1995 | 3.63 |
| 1996 | 3.95 |
| 1997 | 4.42 |
What was the rand to the dollar in 2017?
Why is the dollar value so high?
The dollar is strong for three reasons. First, the Fed took two actions—it ended its expansive monetary policy (adding to the money supply) as the economy continued to improve following the Great Recession. Second, the Fed also raised interest rates in December 2015, which strengthened the value of the dollar further.
What Causes dollar to Rise?
The main factor that causes the value of the dollar to rise or fall is the relative level of demand for the dollar. The value of the dollar rises when foreigners want more dollars.