South African rand to Indian rupee
South Africa’s Indian-origin community goes back more than 160 years. Convert rand to rupees at today’s rate.
One of the most traded emerging-market currencies
The rand is heavily traded worldwide, often as a stand-in for emerging markets in general. That makes it more volatile than the rupee: it rises with gold, platinum and coal prices and with investor appetite for risk, and falls sharply when that appetite fades or local power and logistics problems flare up.
Questions
Why does the rand swing more than the rupee?
It trades more freely, with less central bank intervention, and is used by global investors to bet on or hedge emerging markets as a group.
Is this the rate I will get?
It is the mid-market rate. Banks and transfer services add a margin.