Rand is the basic unit of currency of Bophuthatswana. The currency ISO code of Rand is ZAR. Rand has an independent floating rate.
The Common Monetary Area (CMA) is a single exchange control territory comprising Lesotho, Namibia, South Africa, and Swaziland. On March 13, 1995, the two-tier exchange rate system is abolished, and the financial Rand (ZAL) is removed. Rand had a depreciation of 19 % against USD in 2006.