South African Rand to Paraguayan Guarani | Bank

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The South African Rand (ZAR) is the official currency of South Africa. It was introduced in 1961 when it replaced the South African pound. The Rand is also legal tender in the Common Monetary Area between South Africa, Eswatini, Lesotho, and Namibia.

The Paraguayan Guarani (PYG) is the official currency of Paraguay. Introduced in 1943, it is named after the Guarani people, the main indigenous group of Paraguay. The currency has experienced significant inflation over the years, leading to the circulation of large denominations.