Category: Forex ENG

Wise is a Money Service Business registered with FinCen. In other states, the program is sponsored by Community Federal Savings Bank, to which we’re a service provider. The rand was one of the emerging market currencies that was hit hard by the 2008 financial crisis and the coronavirus pandemic. As of September 2024, the rand was worth about 0.05 USD. Through the RMA agreement, the South African rand remained legal tender in all member nations and circulated alongside the national money of the member nations. This sudden depreciation in 2001 led to a formal investigation and a dramatic recovery.

Nelson Mandela, a leader of the anti-apartheid struggle, was released from prison after 27 years on February 11, 1990. The South African rand (ZAR) is the official currency of the nation of South Africa, with the symbol ZAR being the currency abbreviation for the rand in foreign exchange markets. [...]