Currency · Live data
South African Rand
ZARSouth Africa · Issued by South African Reserve Bank
Price (USD)
$0.060379
Inflation (2024)
+4.36%
10y M2 change
+101%
M69 Score
77.5
Anchor for CMA bloc
Market Cap (USD)
$327.89B
via M2 · 2024
M2 (local currency)
5.43T ZAR
current LCU
CPI YoY (2024)
+4.36%
World Bank · annual
Country
South Africa
ISO 4217 · ZAR
Last Update
2026-04-25
Daily ingest · 02:00 UTC
South African Rand M2 money supply
Broad money in ZAR (cash + deposits + close substitutes), annual back to ~1960 via World Bank FM.LBL.BMNY.CN. Log scale auto-engages for hyperinflation outliers.
South African Rand inflation history
Annual CPI YoY since 2001 — World Bank consumer price index for South Africa. Inflation volatility is one of three inputs into the Money2069 sound-money score.
Purchasing power calculator
How much would your South African Rand be worth today if you'd held it since…?
100 ZAR in 2001 buys today
9.72 ZARworth of goods
Lost 90% of purchasing power since 2001.
To match 2001 purchasing power, you need today
1,028.86 ZAR
46 years of cumulative inflation.
Calculation: cumulative product of (1 + CPI YoY) from the chosen year through 2024. Source: World Bank consumer price index (annual). Daily-refreshed.
Data sources & methodology
- FX (USD):
- Frankfurter / ECB · daily
- CPI YoY:
- World Bank FP.CPI.TOTL.ZG · annual
- M2 broad money:
- World Bank FM.LBL.BMNY.CN · annual (LCU)
- Market cap (USD):
- M2 / FX rate · daily
- 10-year M2 change:
- (M2 today / M2 10y ago) − 1
- M69 score:
- Weighted: CPI (50%), 10y M2 growth (40%), 1y FX stability (10%)
- Last fetched:
- 2026-04-25 16:05:10
- Country code (ISO 3166-1):
- ZAF
Note: Anchor for CMA bloc
Raw data: /api/v1/currencies/current/ZAR
Frequently asked questions
Who issues the South African Rand?+
The South African Rand (ZAR) is issued by South African Reserve Bank. As the monetary authority for South Africa, it sets policy interest rates, manages foreign reserves, and controls the money supply.
What is the inflation rate of the South African Rand?+
Latest available consumer price inflation for the South African Rand: 4.36% YoY (2024). Source: World Bank annual series (FP.CPI.TOTL.ZG). Daily-refreshed historical chart on this page.
Has the South African Rand been debased?+
Every fiat currency loses purchasing power over time as central banks expand the money supply. M2 has grown by approximately 101% over the past decade. Combined with cumulative inflation, this is the gap between ZAR as accounting unit and ZAR as a store of value.
Is the South African Rand sound money?+
On the Money2069 0–100 sound-money scale, the South African Rand currently scores 77.5. The score weights inflation volatility, 10-year money-supply growth, and 1-year FX stability. Higher = closer to sound. No fiat scores 100 because no fiat has zero issuance.
How does the South African Rand compare to gold or the US dollar?+
Use the table on the listing page to sort all 138 tracked currencies by inflation, 10-year M2 change, or M69 score. Pegged currencies (USD-pegged dirham, riyal, etc.) inherit the dollar's debasement profile; floating currencies tell their own story.
How often is this data updated?+
We pull fresh exchange rates daily from Frankfurter (ECB-sourced) and refresh the inflation series from the World Bank. The page is statically rendered with 24-hour ISR. Source data is publicly accessible via our /api/v1/currencies endpoints.