squareyards-logo
DataIntelligence
Categories

𝐙𝐀𝐑 𝐭𝐨 πˆππ‘: South African Rand To Indian Rupees Calculator

 

Given the current state of international trade and cross-cultural interaction, currency conversion is the cornerstone of the global economic network. Similar to how the rand to Indian rupee exchange rate is crucial for business given that the Rand currently costs more than the rupee.

Currency conversion frequently has a considerable impact on the quality of life for a particular population since local economies are so vulnerable to even a minor change in global affairs.

Along with factors such as interest rates and inflation, the currency exchange rate is among the most critical influences on a nation’s relative level of economic health. Trade is the foundation of every global market economy, and exchange rates play a vital role.

Table of contents

Overview of South African Rand (ZAR)

The currency of South Africa is the South African Rand. On foreign exchange markets, the rand is represented by the currency acronym ZAR. The Common Monetary Area, which it shares with Lesotho, Namibia, and Eswatini, also accepts it as legal currency. However, each member of the monetary union uses its own currency.

The word “rand” originated from “Witwatersrand,” a steep cliff in South Africa situated in Johannesburg, the nation’s capital city. The rand is split into 100 cents, similar to other currencies denominated in dollars. The South African Reserve Bank, the nation’s central bank, manufactures and issues South African coins and banknotes.

History of ZAR

Due to South Africa’s status as a trading hub, various currencies were used. The Guilder served as the first type of official money in South Africa. The Rixdollar, which debuted in the late 17th century, was the first type of currency in South Africa to use bank notes. The Cape Colony was founded on a sterling footing in 1826 under British occupation. Even though other currencies were to be employed, including Spanish and US Dollars, French Francs, and Indian Rupees. The Reserve Bank of South Africa was founded in 1921 as the nation’s central bank. The decimalised South African Rand took the place of the British Pound in 1961.

Overview of Indian Rupee (INR)

The rupee is the official currency of India and is represented by the symbol β‚Ή. The Indian RupeeΒ  has the ISO code INR. The nation’s central bank, the Reserve Bank of India (RBI), is in charge of its regulation. The word “rupiya” refers to the Indian rupee, which began as a silver coin in the 16th century.

India’s economy was previously based entirely on cash, which encouraged those involved in an unlawful activity to produce large amounts of fraudulent money. Over time, the RBI was required to change and add new security features to INR notes. The most commonly forged bills are usually those with high values. The entire series of 500 and 1,000 rupee Mahatma Gandhi notes were demonetised in 2016, as stated by the Indian government.

History of INR

The Coinage Act of 1835 significantly enabled standard coinage in India. The William IV effigy was engraved on the coin’s original side, and the denomination was written in Persian and English on the opposite because the British strongly influenced India until 1830.

On the other hand, coins minted after 1840 bore a picture of Queen Victoria. In 1862, approval was given for the first coin to be produced for the Crown. The Coinage Act of India governs the establishment of mints and the manufacturing of coins, passed in 1906 and is still in force. Initially, the rupiya was a silver coin. However, the depreciation of silver in relation to gold reduced the value of the Indian rupee.

Due to the events of World War II, Quaternary Silver Alloy took the place of the ordinary rupee. To substitute the coinage from the 1940s, pure nickel coins were released in 1947. But the existing currency remained frozen till India’s constitution was approved on January 26, 1950. When 100 paise was equivalent to one rupee in 1957, India switched to a decimal monetary system.

The government chose to demonetise the 500 and 1,000 INR bills in recent moves in 2016. The main objective was to control the black market and make it more difficult for illicit and fraudulent money to be used to finance crime and terrorism. The RBI then declared that new notes of the new Mahatma Gandhi series would be issued in values of 500 and 2,000 Indian rupees

ZAR to INR Forecast

ZAR to INR forecast 2022 and 2023 on a monthly basis:

Year Month Β  Β  Minimum Maximum Close Tot, Percent
2022 February β‚Ή 4.82 β‚Ή 4.96 β‚Ή 4.89 0.82 Percent
2022 March β‚Ή 4.84 β‚Ή 4.98 β‚Ή 4.91 1.24 Percent
2022 April β‚Ή 4.91 β‚Ή 5.19 β‚Ή 5.11 5.36 Percent
2022 May β‚Ή 5.09 β‚Ή 5.25 β‚Ή 5.17 6.60 Percent
2022 June β‚Ή 4.76 β‚Ή 5.17 β‚Ή 4.83 -0.41 Percent
2022 July β‚Ή 4.75 β‚Ή 4.89 β‚Ή 4.82 -0.62 Percent
2022 August β‚Ή 4.66 β‚Ή 4.82 β‚Ή 4.73 -2.47 Percent
2022 September β‚Ή 4.60 β‚Ή 4.74 β‚Ή 4.67 -3.71 Percent
2022 October β‚Ή 4.49 β‚Ή 4.67 β‚Ή 4.56 -5.98 Percent
2022 November β‚Ή 4.43 β‚Ή 4.57 β‚Ή 4.50 -7.22 Percent
2022 December β‚Ή 4.50 β‚Ή 4.72 β‚Ή 4.65 -4.12 Percent
ZAR to INR Forecast 2023
2023 January β‚Ή 4.65 β‚Ή 4.86 β‚Ή 4.79 -1.24 Percent
2023 February β‚Ή 4.78 β‚Ή 4.92 β‚Ή 4.85 0.00 Percent
2023 March β‚Ή 4.85 β‚Ή 5.02 β‚Ή 4.95 2.06 Percent
2023 April β‚Ή 4.70 β‚Ή 4.95 β‚Ή 4.77 -1.65 Percent
2023 May β‚Ή 4.77 β‚Ή 5.03 β‚Ή 4.96 2.27 Percent
2023 June β‚Ή 4.96 β‚Ή 5.25 β‚Ή 5.17 6.60 Percent
2023 July β‚Ή 5.17 β‚Ή 5.47 β‚Ή 5.39 11.13 Percent
2023 August β‚Ή 5.39 β‚Ή 5.57 β‚Ή 5.49 13.20 Percent
2023 September β‚Ή 5.31 β‚Ή 5.49 β‚Ή 5.39 11.13 Percent
2023 October β‚Ή 5.37 β‚Ή 5.53 β‚Ή 5.45 12.37 Percent
2023 November β‚Ή 5.43 β‚Ή 5.59 β‚Ή 5.51 13.61 Percent
2023 December β‚Ή 5.51 β‚Ή 5.91 β‚Ή 5.82 20.00 Percent
2024 January β‚Ή 5.54 β‚Ή 5.82 β‚Ή 5.62 15.88 Percent
2024 February β‚Ή 5.07 β‚Ή 5.62 β‚Ή 5.15 6.19 Percent

Trend of ZAR to INR Currency Exchange Rate [December 2021]

December 2021 Currency Exchange: ZAR to INR
Rate on 1st December 2021 β‚Ή 4.74
Rate on 31st December 2021 β‚Ή 4.67
Highest rate in December β‚Ή 4.83 on 27th December 2021
Lowest Rate in December β‚Ή 4.66 on 5th December 2021
Overall performance Falling
Percent Change -1.33 Percent

Trend of ZAR to INR Currency Exchange Rate [November 2021]

November 2021 Currency Exchange: ZAR to INR
Rate on 1st November 2021 β‚Ή 4.91
Rate on 30th November 2021 β‚Ή 4.65
Highest Rate in November β‚Ή 4.95 on 9th November 2021
Lowest Rate in November β‚Ή 4.61 on 27th November 2021
Overall performance FallingΒ 
Percent Change -5.69 Percent

Trend of ZAR to INR Currency Exchange Rate [October 2021]

October 2021 Currency Exchange: ZAR to INR
Rate on 1st October 2021 β‚Ή 4.92
Rate on 31st October 2021 β‚Ή 4.91
Highest rate in October β‚Ή 5.20 on 21st October 2021
Lowest Rate in October β‚Ή 4.91 on 30th October 2021
Overall Performance FallingΒ 
Percent Change – 0.04 Percent

Trend of ZAR to INR Currency Exchange Rate [September 2021]

September 2021 Currency Exchange: ZAR to INR
Rate on 1st September 2021 β‚Ή 5.02
Rate on 30th September 2021 β‚Ή 4.90
Highest rate in September β‚Ή 5.20 on 14th September 2021
Lowest Rate in September β‚Ή 4.90 on 30th September 2021
Β  Overall Performance FallingΒ 
Percent Change – 2.59 Percent

Trend of ZAR to INR Currency Exchange Rate [August 2021]

August 2021 Currency Exchange: ZAR to INR
Rate on 1st August 2021 β‚Ή 5.09
Rate on 31st August 2021 β‚Ή 5
Highest rate in August β‚Ή 5.19 on 4th August 2021
Lowest Rate in August β‚Ή4.86 on 21st August 2021
Overall Performance Falling
Percent Change – 1.86 Percent

Convert ZAR to INR (Rand to Rupee)

The conversion of rand to rupees can be achieved effortlessly with the aid of a conversion currency calculator. Preparing to exchange currency notes is the quickest method for estimating the cost. Due to the daily fluctuations in currency conversion rates, using a calculator is a smart way to guarantee the accuracy of your calculations.

Refer to the listed examples to better understand the ZAR to INR conversion mechanism.

Note: We are using the 1 Rand to Rupee live rate of 9th February 2022 as the conversion parameter.Β 

Example 1 – Let us compute the INR value of 50 ZAR. To know the value, employ the following formula –

Formula = ZAR * Current Rate = INR

50 * 4.86 = Rs. 243

Example 2 – Let us compute the INR value of 100 ZAR. To know the value, employ the following formula –Β 

Formula = ZAR * Current Rate = INR

Β 100 * 4.86 = Rs. 486

Example 3 – Let us compute the INR value of 550 ZAR. To know the value, employ the following formula –

Formula = ZAR * Current Rate = INRΒ 

Β 550 * 4.86 = Rs. 2,673Β 

Example 4 – Let us compute the INR value of 800 ZAR. To know the value, employ the following formula –Β 

Formula = ZAR * Current Rate = INR

800 * 4.86 = Rs. 3,888

Example 5 – Let us compute the INR value of 1,000 ZAR. To know the value, employ the following formula –

Formula = ZAR * Current Rate = INR

1,000 * 4.86 = Rs. 4,860

Don’t Miss It!

SEK to INR Convert Swedish krona to Indian Rupees
EUR to INR Convert EURO to Indian Rupees
CAD to INR Convert Canadian Dollar to Indian Rupess
QAR to INR Convert Qatari Riyal to Indian Rupees
KWD to INR Convert Kuwaiti Dinar to Indian Rupees
INR to PKR Convert Indian Rupees to Pakistani Rupess
GBP to USD Convert British Pound to US Dollar
JPY to INR Convert Japanese Yen to Indian Rupees
SAR to INR Convert Saudi Riyal to India Rupees
MYR to INR Convert Malaysian Ringgits to Indian Rupees

ZAR to INR Conversion Chart (South African Rand to Indian Rupee)

The below-depicted chart showcases ZAR to Rupee values. The values may vary depending upon the ZAR to INR current rate.Β 

ZAR (Fr) INR (β‚Ή) ZAR to INR
1 ZAR β‚Ή 81.45 1 ZAR to INR is 4.84
5 ZAR β‚Ή 407.27 5 ZAR to INR is 24.19
10 ZAR β‚Ή 814.55 10 ZAR to INR is 48.37
15 ZAR β‚Ή 1221.83 15 ZAR to INR is 72.56
20 ZAR β‚Ή 1629.10 20 ZAR to INR is 96.75
25 ZAR β‚Ή 2036.38 25 ZAR to INR is 120.94
30 ZAR β‚Ή 2443.65 30 ZAR to INR is 145.12
35 ZAR β‚Ή 2850.92 35 ZAR to INR is 169.31
40 ZAR β‚Ή 3258.20 40 ZAR to INR is 193.50
45 ZAR β‚Ή 3665.47 45 ZAR to INR is 217.69
50 ZAR β‚Ή 4072.75 50 ZAR to INR is 241.87
100 ZAR β‚Ή 8145.50 100 ZAR to INR is 483.75
150 ZAR β‚Ή 12218.25 150 ZAR to INR is 725.62
200 ZAR β‚Ή 16291.00 200 ZAR to INR is 967.50
250 ZAR β‚Ή 20363.75 250 ZAR to INR is 1209.37
300 ZAR β‚Ή 24436.50 300 ZAR to INR is 1451.25
350 ZAR β‚Ή 28509.25 350 ZAR to INR is 1693.12
400 ZAR β‚Ή 32582.00 400 ZAR to INR is 1934.99
450 ZAR β‚Ή 36654.75 450 ZAR to INR is 2176.87
500 ZAR β‚Ή 40727.50 500 ZAR to INR is 2418.74
550 ZAR β‚Ή 44800.25 550 ZAR to INR is 2660.62
600 ZAR β‚Ή 48873.00 600 ZAR to INR is 2902.49
650 ZAR β‚Ή 52945.75 650 ZAR to INR is 3144.37
700 ZAR β‚Ή 57018.50 700 ZAR to INR is 3386.24
750 ZAR β‚Ή 61091.25 750 ZAR to INR is 3628.11
800 ZAR β‚Ή 65164.00 800 ZAR to INR is 3869.99
850 ZAR β‚Ή 69236.75 850 ZAR to INR is 4111.86
900 ZAR β‚Ή 73309.50 900 ZAR to INR is 4353.74
950 ZAR β‚Ή 77382.25 950 ZAR to INR is 4595.61
1000 ZAR β‚Ή 81455.00 1000 ZAR to INR is 4837.49
1100 ZAR β‚Ή 89600.50 1100 ZAR to INR is 5321.24
1200 ZAR β‚Ή 97746.00 1200 ZAR to INR is 5804.98
1300 ZAR β‚Ή 105891.50 1300 ZAR to INR is 6288.73
1400 ZAR β‚Ή 114037.00 1400 ZAR to INR is 6772.48
1500 ZAR β‚Ή 122182.50 1500 ZAR to INR is 7256.23
2000 ZAR β‚Ή 162910.00 2000 ZAR to INR is 9674.97
2500 ZAR β‚Ή 203637.50 2500 ZAR to INR is 12093.72
3000 ZAR β‚Ή 244365.00 3000 ZAR to INR is 14512.46
3500 ZAR β‚Ή 285092.50 3500 ZAR to INR is 16931.20
4000 ZAR β‚Ή 325820.00 4000 ZAR to INR is 19349.95
4500 ZAR β‚Ή 366547.50 4500 ZAR to INR is 21768.69
5000 ZAR β‚Ή 407275.00 5000 ZAR to INR is 24187.43
5500 ZAR β‚Ή 448002.50 5500 ZAR to INR is 26606.18
6000 ZAR β‚Ή 488730.00 6000 ZAR to INR is 29024.92
6500 ZAR β‚Ή 529457.50 6500 ZAR to INR is 31443.66
7000 ZAR β‚Ή 570185.00 7000 ZAR to INR is 33862.41
7500 ZAR β‚Ή 610912.50 7500 ZAR to INR is 36281.15
8000 ZAR β‚Ή 651640.00 8000 ZAR to INR is 38699.89
8500 ZAR β‚Ή 692367.50 8500 ZAR to INR is 41118.63
9000 ZAR β‚Ή 733095.00 9000 ZAR to INR is 43537.38
9500 ZAR β‚Ή 773822.50 9500 ZAR to INR is 45956.12
10000 ZAR β‚Ή 814550.00 10000 ZAR to INR is 48374.86

ZAR Vs INR

The national currencies of the two countries are ZAR and INR. Given the current conditions, the INR value is lower than the ZAR value. The two currencies likewise differ in a variety of other significant ways.Β 

The following table showcases the key differences between ZAR and INR

Categories South African Rand Indian Rupee
Symbol R β‚Ή
ISO Code ZAR INR
Country South Africa, Namibia, Lesotho, and Eswatini India
Definition The currency of South Africa is the South African Rand is governed by the South African Reserve Bank, which manufactures and issues South African coins and banknotes. India’s national currency, INR, is governed by the Reserve Bank of India. In 1830, the rupee appeared as a silver coin.
Operational None Bhutan Ngultrum, Nepalese Rupee
Values 1 ZAR = 4.86 Indian Rupees 1 INR = 0.20 ZAR

FAQs about Convert ZAR to INR

Q1. How much is 1000 Rand in India?

1000 Rand in Indian Rupee equates to 4880.54.

Q2. Is ZAR the same as Rand?

Yes, ZAR is the same as Rand as ZAR is the currency code given to South African Rands for international standardisation.

Q3. How many Rands in 100rs?

There are 20.49 Rands in 100 rupees.Β 

Q4. Is India cheaper than South Africa?

Yes, India is approximately 51.3 percent cheaper than South Africa.

Chitra Chaudhary A stellar writer with over 3 years of experience, Chitra loves to delve deep into all the nitty-gritty of finance, government and other technical topics people usually dread to attempt. With a masters in Computer Science, Chitra alchemises her analytical and creative prowess to manifest some of the most awesome articles for Square Yards.
Rent Agreement
  • Super Quick & Easy
  • Stamped & E-Signed
  • Delivered Directly in Mailbox
Rent-Agreement
Looking to Buy or Rent Property?

Exploring Options for Buying or Renting Property

Looking to buy or rent property
MORE FROM CATEGORY
RECENT POSTS
Related Category
  • Land Records
  • Stock
  • Stock & Shares
  • Currency
Contact Our Real Estate Experts