Category: Other National Currencies

The Mexican peso (MXN) is the official currency of Mexico. It is subdivided into 100 centavos. The currency was initially based on Spain’s official currency, called ‘real’, which was the Spanish dollar. The Mexican peso’s name originated from the silver 8-real coins issued by Spain in Mexico.

The Brazilian real (BRL) is the official currency of Brazil. It is divided into 100 centavos. The symbol of the Brazilian real is R$.

The South African rand (ZAR) is the currency of South Africa and is issued by the South African Reserve Bank. The South African rand has the symbol R. It is subdivided into 100 cents. The name is derived from the word ‘Witwatersrand’, which means ‘ridge of white waters’. The ridge is where most of South Africa’s gold deposits were found and where Johannesburg was built.