South African Money
Currency Exchange
The
South African rand (ZAR) has undergone something of a roller-coaster
ride against other international currencies since the 1994 election. At
one point, the exchange rate dropped as low as ZAR 13 to the U.S.
dollar, but it has since recovered to trade within a band of around ZAR
6-7. Major credit cards and traveler's checks are widely accepted. In
cities and large towns, ATMs are plentiful sources for obtaining local
currency using any major international credit or debit card. Smaller
towns and villages will often have at least one ATM, but don't count on
it being in working order. For security reasons, we recommend that you
only use ATMs that are
inside a bank or other institution.
Currency Exchange Rates
| US Dollar |
S African rand |
US Dollar |
S African rand |
| $10 |
74.68 |
$200 |
1,493.65 |
| $20 |
149.37 |
$400 |
2,987.30 |
| $30 |
224.05 |
$600 |
4,480.96 |
| $40 |
298.73 |
$800 |
5,974.61 |
| $50 |
373.41 |
$1000 |
7,468.26 |
| $60 |
448.10 |
$1200 |
8,961.91 |
| $70 |
522.78 |
$1400 |
10,455.56 |
| $80 |
597.46 |
$1600 |
11,949.22 |
| $90 |
672.14 |
$1800 |
13,442.87 |
| $100 |
746.83 |
$2000 |
14,936.52 |
|
Taxes
South
Africa has a value-added tax (VAT) that is included in prices marked on
goods. Nonresidents can obtain a refund of the VAT on certain purchased
goods. The total value of the items should exceed ZAR 250. To claim
your refund at the airport, have the unused items with you in your
carry-on luggage to present to the refund officer. You'll also need the
original receipt, a VAT refund form and your passport.
Tipping
Tip
taxi drivers about 10% and give a small tip to hotel porters. In
restaurants, tip at least 10% if a service charge has not been added to
the bill.