Wednesday, 1 December 2010

South African Rand Forex Currency Notes & Exchange Rates: Images

Continuing our series on Forex Currency Notes, today in this article we will be covering the . If you wish to know about other forex currencies and their details, click on the link All Forex Articles.
As stated earlier, Foreign Exchange is required by any traveller who is willing to travel abraod - i.e. outside his home country where the currency in curculation might be different. It is very important to be familiar with the currency of that particular country, otherwise you might be cheated. Say before starting your journey, one of the "unknown" forex broker gives you foreign currency at quite cheap rate. But afetr buying the forex and reaching the destination country, you learn that the currency you bought is forged.
Or you may Buy 1000 South African Rands from your known forex brokers in the denomination of 200 rands * 5 notes. When you reach the destination country, some seller noticing that you are new to that country, might trick you while you make a purchase of 10 Rands, and return you some forged notes for the balance 190 rands.
Hence, it is very important to be familiar with the forex currency before you get into any kind of transactions.
You can buy/sell the forex currency from local foreign exchange brokers or forex brokers as they quote good competitive rates.

South African Rand Forex Currency Notes Picture


Let's begin with the series with the South African Rand Forex Currency and the Foreign Exchange details. Here is an image of the South African Rand Currency Notes which are in circulation.
As you can see, all the notes of South african Rand Currency are filled with Animal pictures indicating the rich wildlife and that is the distinct feature clearly noticable on the South african Rand Currency Notes. Here is another picture of South african Rand Currency Notes (sourced from Wiki)
As shown in the picture above, the South African Rand Currency notes come in the denominations of 10, 20, 50, 100 and 200 Rand. There are South African Rand Coins also called the Cents, which come in denominations of 5, 10, 20 and 50 cents. You might also find coinds for 2 and 5 rands.

Please note that above image or picture of South African Rand is just for illustration purpose to give a look and feel of South African Rand currency notes to travellers who are interested in dealing in South African Rand Forex. It is not to be used for any other purposes.
Whenever you buy foreign exchange currency from someone, please always take care of the following points:

1) Always buy/sell Forex currency (like South African Rand) through a registered foreign exchange brokerage firm or forex trading firm

2) Always insist on receipt of the transaction

3) Chances are that in some countries you may be asked to provide some documents (like copy of of passport, visa etc.) to buy/sell the forex currency notes. While handing over the copies, do mention on them some info like "For buying 1000 South African Rand on (date) from (Forex Broker Firm name)". Such things ensure that your documents are safe and cannot be misused
At the time of writing this article, the forex rate for 1 South African rand = 0.141243 U.S. dollars

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