The South African currency is Rand. Rand is denoted by the symbol R (eg R1.00 = 100 cents).
Foreign currency and traveller’s cheques (provided the currency is accepted in South Africa), may be converted into local currency. Local banks and a few other institutions listed below, will convert foreign currency:
- Travel Agencies
- Bureaus de Change
- American Express
- Thomas Cook, etc.
Please take note that a commission fee is charged for every transaction.
Websites: www.xe.com or www.oanda.com
All the major banks are in South Africa have Automated Teller Machines (ATMs). These ATMs operate 24 hours a day. Operational hours of banks in South Africa are:
Mondays to Fridays from 09:00 – 15:00 and on Saturdays from 08:30 – 11:00.
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