South African Rand to Malaysian Ringgit

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 Malaysian ringgit (symbol: RM, codes: MYR and 458) is the official currency of Malaysia. One ringgit is subdivided into 100 sens (cents). The name of the currency is translated from Malay as "jagged.

" The banknotes depict the first head of the independent Malaysia King Tuanku Abdul Rahman. The contemporary currency replaced the Malaysian dollar, which was in use from 1967 through 1976. The currency shows low inflation - 1.1% as of autumn 2019. Until 1973 Brunei and Singaporean money were accepted in the country.