rand

noun
\ ˈrand How to pronounce rand (audio) , ˈränd, ˈränt \
plural rand

Definition of rand

 (Entry 1 of 2)

the basic monetary unit of South Africa — see Money Table

Rand

biographical name
\ ˈrand How to pronounce Rand (audio) \

Definition of Rand (Entry 2 of 2)

Ayn \ ˈīn How to pronounce Rand (audio) \ 1905–1982 American (Russian-born) writer

Examples of rand in a Sentence

Recent Examples on the Web: Noun The monthly price in South Africa is 59 South African rand, equivalent to $4.03. Alexandra Wexler, WSJ, "Netflix Ups the Ante in Africa," 22 Dec. 2020 South Africa, whose rand is among the worst major currency performers versus the dollar this year, will this week probably report an unprecedented economic contraction in the second quarter. Netty Idayu Ismail, Bloomberg.com, "Growth-Starved Emerging Markets Turn Wary as Risk Signals Build," 6 Sep. 2020 Investors purchased 487 million rand worth of shares, according to exchange operator JSE Ltd. Adelaide Changole, Bloomberg.com, "South Africa Stocks Fall as Trump’s Positive Test Spooks Markets," 2 Oct. 2020 The company, which also makes household products such as Doom insect repellent, declared a special dividend of 1.33 rand per share following the disposal of its meat processing business. Gemma Gatticchi, Bloomberg.com, "Tiger Brands Cuts 400 Jobs as CEO Strives to Reduce Costs," 20 Nov. 2020 South Africa’s rand climbed 2.7% against the U.S. currency, its biggest monthly advance since May. Bolstered by Asia’s economic recovery from the pandemic, South Korea’s won gained 3.1% in its best performance since June 2019. Money... Joe Wallace, WSJ, "Bets on Democratic Sweep Boost Emerging-Market Currencies," 3 Nov. 2020 The rand strengthened for a fourth consecutive day, gaining 0.8% to 16.61 against the dollar as of 1:14 p.m. in Johannesburg. John Bowker, Bloomberg.com, "Corruption Arrests, Land Sales Raise South African Spirits," 30 Sep. 2020 The sol weakened 1%, the most in emerging markets after the South African rand, while Peruvian bonds maturing in 2050 fell to a five-month low Tuesday, dropping 2.65 cents on the dollar to 156.55. John Quigley, Bloomberg.com, "Peru’s Currency Drops to 18-Year Low After President Ousted," 10 Nov. 2020 The Land Bank has 245 million rand of floating-rate notes due on March 23, 306 million rand payable on Sept. 20 and another 1.38 billion rand on Oct. 12, according to data compiled by Bloomberg. Antony Sguazzin, Bloomberg.com, "Land Bank Creditor Urges South Africa to Speed Up Rescue Efforts," 3 Dec. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'rand.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of rand

Noun

1941, in the meaning defined above

History and Etymology for rand

Noun

the Rand, South Africa

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Statistics for rand

Last Updated

18 Mar 2021

Cite this Entry

“Rand.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/rand. Accessed 13 Apr. 2021.

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More Definitions for rand

rand

noun

English Language Learners Definition of rand

: the basic unit of money in the Republic of South Africa

More from Merriam-Webster on rand

Britannica.com: Encyclopedia article about rand

Comments on rand

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