Project 1

Transcript

00:00

American Dollar

00:02

USD

00:03

To

00:05

South African Rand

00:07

ZAR

00:10

Today's exchange rate of USD to ZAR is 1USD = 14.26ZAR This means if you want to buy something using USD, you will have to multiply the value of dollar by R14.26

00:29

Let us say you want to buy some thing online that costs 7USD

00:38

You can expect to pay around R99,82

00:47

That is because 7 US Dollars x 14 Rands, 26 Cents = 99 Rands, 82 Cents

00:55

What you should note before buying in USD using ZAR? 

01:00

The banks will charge you exchange rate fees for making a foreign payment

01:07

The South African Rand has a very unstable exchange rate, which means the amount you pay today might not be the same tomorrow

01:17

Thanks for Watching

01:21

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