Project 1

Project 1

Published on 10 July 2021
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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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