How much Bang for my Buck?
When traveling it is important to do a lot of research on the various different types of currency that you will encounter on your travels through this beautiful and vibrant continent. In this article I hope to give you a helping hand to anyone who is considering a trip to one or more of the Southern African countries. This article explains the currencies of South Africa, Mozambique, Zimbabwe, Zambia, and Namibia.
South Africa: South Africa trades in the South African Rand (or ZAR) and while the rand is not nearly the weakest currency of South Africa it is also not the strongest. The ZAR is currently trading at 14.33 to the U.S. DOL and 15.97 to the EURO.
Mozambique: Mozambique trades in the Metical or (MZN), one of the weaker currencies. It is currently trading at 58.74 to the U.S. DOL and 66.76 to the EURO.
Zimbabwe: Zimbabwe used to trade in the Zimbabwean dollar but since 2009 when the Zimbabwean dollar was demoted to junk status and became worth less than the paper that was used to print it the beautiful country of Zimbabwe has used the U.S. dollar as its official currency of trade.
Zambia: Zambia trades in the Kwacha (otherwise known as the ZMW). The Kwacha is a stronger currency than many in Southern Africa and is currently trading at 10.52 to the U.S. Dollar and 11.96 to the euro.
Namibia: Namibia, like Zimbabwe, has an interesting trading situation , however, in this case, the country of Namibia trades in two separate currencies: the South African Rand (see above) and the Namibian dollar which is currently trading at 17.15 to the EURO and 15.09 to the U.S. dollar.
It is important to mention that most of the African countries will accept the U.S. Dollar and the dollar can therefore be useful in a pinch but it is not recommended as it can be refused as payment for goods and services.
As always if you need any more information about any of the currencies mentioned in the article above please feel free to contact South Africa 4×4 accommodation or South Africa 4×4 Rentals. Or you could get in contact with a foreign exchange agency in your own country.
In the event of you being in an African country and not having access to the local currency. Contact either the embassy or one of the banks in the country that you are visiting. Banks will generally accept notes of any currency.