The ZAR to INR Exchange Rate
The exchange rate between the South African Rand (ZAR) and the Indian Rupee (INR) is essential for trade, investment, and travel. As of today, the exchange rate is 1 ZAR = 4.601 INR (Wise).
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Historical Trends and Current Status
- 30-Day High: 4.73 INR
- 30-Day Low: 4.55 INR
- 90-Day Average: 4.64 INR
Factors Influencing the Exchange Rate
- Economic Indicators: GDP growth, inflation rates, and interest rates in both countries.
- Political Stability: Political events affecting investor confidence.
- Global Commodity Prices: As a major exporter, fluctuations in prices affect the Rand.
- Trade Balance: Affects currency strength.
Impact on South Africans
- Travel Costs: A weaker Rand means more expensive travel to India.
- Import Costs: Imported goods from India become costlier.
- Investment: Currency fluctuations impact returns on Indian investments.
Conclusion
Understanding the ZAR to INR exchange rate is essential for making informed financial decisions. Regularly updated sources such as Wise provide real-time exchange rates and insights.
For more information, visit the Wise Currency Converter.
Also read: 1 ZAR to EUR: South African Rand to Euro Exchange Rate
