OANDA's currency calculator tools use OANDA Rates™, the touchstone FX rates compiled from leading market data contributors.
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These values represent the daily average of the Bid and Ask rates OANDA receives from many data sources.
EUR - Euro
The euro (EUR) is the official currency of 19 of the 27 member states of the European Union. As of the first quarter of 2021, the European Union, also known as the eurozone, consists of 27 member countries. The following countries have adopted the euro: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain.
ZAR - South African Rand
The South African rand (ZAR) is the currency of South Africa and is issued by the South African Reserve Bank. The South African rand has the symbol R. It is subdivided into 100 cents. The currency’s name is derived from the word ‘Witwatersrand’, which means ‘white waters’ ridge’. The ridge is where most of South Africa's gold deposits were found and where Johannesburg was built.
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