South African Rand to Mexican Peso

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 Mexican peso (symbol: $, code: MXN, number: 484 ) is the currency of Mexico. It is divided into 100 centavos. The name "peso" was first used to denote Mexican money in 1863.

During the denomination of 1993 the old pesos were exchanged for new ones at a rate of 1000:1. The currency is accepted in the country on the par with the US dollar. To avoid any confusion, the symbol of the national currency is written as an S with one vertical trait, whilst the US dollar - with two. Symbol “ $” happened to be first used to denote the peso and not the USD.