South African Rand to Bermudian dollar

The South African rand (sign: R, code: ZAR, number: 710) or rand is the currency used in South Africa, Lesotho and Namibia. It Has been issued since 1961, when the state ceased to be part of the British Commonwealth, upon gaining independence. One rand is divided into 100 cents.

In 2004, rand has been incorporated into the CLS system as one of the international clearing currencies. The name is derived from the abbreviation of the name of the Mountain range Witwatersrand. The word "rand" came into use from the Afrikaans language, but has been modified to be pronounced in an English manner.

The Islands of Bermuda are part of the Great Britain territory, although they are located far away from the main United Kingdom’s territory. Here, there is a separate currency called the Bermudian dollar (sign BD$, code BMD). The Bermudian cents are used as change for BMD.

There are coins worth 10 and 50 cents that are issued as of today. The $ currency has been issued since 1970 replacing the Bermudian pound. Commemorative coins are of special interest for numismatists. So-called “Bermuda triangles” have a corresponding shape, but are made out of different alloys and have different denomination.