USDZAR

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


USDZAR News

USDZAR: Watch the Live SARB MPC Meeting Here

Watch the live press conference of the South African Reserve bank here. Volatility on the South African Rand increased as the Governor Lesetja Kganyago started speaking, and the Rand gained vs. the USD as the USDZAR reached a new monthly low of 14.64. The Rand also strengthen against the Euro [...]

USDZAR Soars 2.5% On Grim South African MTBPS

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...

Fresh 16-Year Unemployment Rate High Sends USDZAR Higher

USDZAR has pushed around 0.7% higher after the South African unemployment rate for the second quarter of 2019 hit 29.1%, a fresh 15-year high. The reported figures are in line with the market expectations, while the unemployment rate for Q1 was reported at 29%. Don’t miss a beat! Follow us [...]