usd
zar

USDZAR

1.2345
0.042%
Swap Short
1,94 Points
Swap Long
-8.23 Points
SELL
1.08491
BUY
1.08505
Low: 1.08491
Spread
High: 1.08505
USDZAR Trading Chart
Past performance is not a guarantee or prediction of future performance.
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Volatility
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About USDZAR
The USDZAR pair represents the exchange rate between the US Dollar (USD) and the South African Rand (ZAR). USDZAR is influenced by global economic conditions, commodity exports, and geopolitical risks.
How to Trade USDZAR
To trade USDZAR effectively:
  • 1
    Monitor Global Economic Indicators
    Stay informed on economic data from the US and South Africa, including GDP, inflation, and employment figures. These reports help assess the economic health of both countries.
  • 2
    Track Commodity Prices
    Since South Africa is a major exporter of gold, platinum, and other minerals, commodity prices play a key role in influencing the ZAR’s value against the USD.
  • 3
    Monitor US Dollar Strength
    The US Dollar’s strength is influenced by the Federal Reserve’s interest rate decisions, inflation reports, and other economic indicators.
  • 4
    Set Risk Management
    Use stop-loss orders and appropriate position sizing to manage risk, especially when volatility is high in emerging market currencies like the ZAR.
USDZAR is influenced by both global economic conditions and South Africa’s commodity exports. Keeping track of these factors will help make better trading decisions.
Key Factors Affecting USDZAR
Several factors influence USDZAR, including:
  • Global 
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FAQ - USDZAR (US Dollar/South African Rand)

USDZAR is influenced by several key factors:

  • Economic Indicators: Data such as South Africa's GDP, inflation, unemployment rates, and the US Federal Reserve’s interest rate decisions impact usd-zar.
  • Commodity Prices: South Africa is a major exporter of gold and platinum. Fluctuations in commodity prices significantly affect the Rand’s value.
  • Political Stability: Domestic political uncertainty or instability in South Africa often causes volatility in the USDZAR pair.

There are several benefits to trading USDZAR:

  • High Volatility: The pair is known for its significant price swings, providing opportunities for traders to profit from short-term moves.
  • Emerging Market Exposure: Trading USDZAR gives investors exposure to emerging market dynamics, which can offer high returns under the right conditions.
  • Liquidity: The pair is relatively liquid, allowing for smoother trade executions.

Traders should consider the following risks:

  • Political and Economic Risk: Changes in South Africa's political landscape or economic performance can lead to unpredictable price movements.
  • Commodity Dependency: South Africa’s reliance on commodity exports means the pair is sensitive to global commodity market fluctuations.
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If you have more questions visit FAQ Page
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. It is important to fully understand the risks involved and seek independent advice if necessary. You should carefully consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money. The value of your investment may go down as well as up.

Please review our Legal Documents to understand the risks involved before you invest. See your rights and responsibilities as a retail client.
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