US DOLLAR / SOUTH AFRICAN RAND

The USD vs. ZAR pair engages the U.S. Dollar and the South African Rand. Established as legal tender in the late 50s to early 60s, the Rand replaced the Pound for South Africa, Swaziland, Lesotho, and Namibia. Despite challenges during apartheid-era sanctions, the Rand has demonstrated resilience amid volatility and strives for stability.