South African Rand
The currency of South Africa is the rand (ZAR).
South Africa is well-endowed with natural resources. It exports precious metals and base metals.
Historically, the country’s balance of trade was near neutral: imports were approximately equal to exports. Since Covid-19, South Africa became a net exporter.
South Africa is a member of the BRICS group of emerging market economies. It has the youngest population1 of the currencies we offer.
| GDP2 | $406 Billion USD |
| Major Exports3 | Platinum, gold, iron ore |
| Major Export Partners3 | China, U.S., Germany |
| Budget Deficit4 | -4.2% |
| Trade Flows5 | 113 billion ZAR |
1. https://www.cia.gov/the-world-factbook/field/age-structure/
2. https://data.worldbank.org/indicator/NY.GDP.MKTP.CD
4. https://tradingeconomics.com/country-list/government-budget?continent=world
5. https://tradingeconomics.com/country-list/balance-of-trade
6. https://tradingeconomics.com/country-list/interest-rate?continent=world
The Benefits of the South African Rand
Inflation higher than average compared to most countries
Tied with Brazil for the worst credit rating7 of profiled currencies (S&P: BB-)
Central bank has minimal gold reserves8 (125 metric tons)
How to Buy the South African Rand
Currency CD
Most Popular
Term
3-month
6-month
9-month
1-year
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance Range
All Balances
Available Currencies
Need Support?
Coming Soon
Available Monday to Friday between 8:00 a.m. and 6:00 p.m. central time.
Stay Current with Battle Bank
FOREIGN CURRENCIES BY BATTLE BANK
South African Rand
Diversify your portfolio with foreign currencies.
