In this section, you will find important USDZAR news, actionable trading ideas, and a live USDZAR chart to help you understand how the South African Rand trades vs. the US Dollar.
USDZAR is the ticker symbol in fx markets that represents how many South African Rands you can buy with one US dollar. South African Rand is the legal tender of the Common Monetary Area which includes South Africa, Swaziland, Lesotho, and Namibia. The factors that affect USDZAR are the interest rates, the GDP growth, inflation, unemployment rates, balance of payments and other macroeconomic figures. The US Federal Reserve Bank and South African Central Bank are the two institutions that USDZAR traders follow in order to get an idea about the future moves of the pair.
Live USDZAR Chart
The South African Reserve Bank (SARB) is expected to announce its key policy rate tomorrow at the end of its 3-day meeting which started yesterday. This meeting is the final one for the year and comes on the back of a very gloomy outlook for the rainbow nation’s economy. The...
The USDZAR soared 2.5% this Wednesday afternoon after South African Finance Minister Tito Mboweni painted a grim outlook for the economy in his inaugural Medium Term Budget Policy Statement (MTBPS). Mboweni's MTBPS highlighted what many had already feared: the South African economy is in a downward spiral. The South African...