The usd to zar (USDZAR) is an exotic currency pair representing the exchange rate between the US dollar (USD) and the South African rand (ZAR).The conversion between USD and ZAR works by multiplying the amount of US dollars by the exchange rate to obtain the equivalent value in South African rand. For example, if the exchange rate is 15.00, then 1 US dollar would be equal to 15 South African rand.
The pair's history has been shaped by economic factors, political developments, and global market trends. Over time, the USDZAR exchange rate has experienced fluctuations influenced by commodity prices, interest rate differentials, geopolitical events, and investor sentiment towards emerging markets. Traders and investors closely monitor this pair to identify trading opportunities and assess the economic health of both countries.
The price history of USDZAR has been influenced by a variety of factors including economic indicators, political developments, commodity prices, and market sentiment. Historically, the pair has experienced significant volatility. It has undergone periods of appreciation and depreciation, driven by changing economic conditions and market dynamics.
Factors such as interest rate differentials, inflation rates, political stability, and commodity prices, particularly gold and platinum, play a crucial role in shaping the USDZAR exchange rate. South Africa's status as a major emerging market economy with a rich resource base contributes to the currency's sensitivity to global economic trends. Additionally, political events and policy decisions can have substantial impacts on the exchange rate. Market participants closely monitor economic indicators, news releases, and geopolitical developments to anticipate potential price movements in this currency pair and make informed trading decisions.
Traders may consider trading this currency pair due to its potential for volatility and profit opportunities. The USDZAR exchange rate is influenced by various factors, such as economic indicators, political developments, commodity prices, and investor sentiment towards emerging markets. These dynamics can create trading opportunities for those seeking exposure to the South African rand. In addition to USDZAR, traders may also consider other currency pairs for trading opportunities.
Major pairs like EURUSD, GBPUSD, and USDJPY offer high liquidity and are widely traded. Crosses such as EURJPY, GBPJPY, and AUDJPY are known for their volatility. Emerging market currency pairs like USDMXN, USDTRY, and USDINR can provide opportunities, but carry higher risk levels due to the nature of emerging market currencies. Ultimately, traders should carefully analyze market conditions and conduct thorough research when selecting currency pairs to trade.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and with low capital investment.