US Dollar vs South African Rand
USDZAR
Pricing is indicative. Past performance is not a reliable indicator of future results. Client sentiment is provided for general information only, is historical in nature and is not intended to provide any form of trading or investment advice - it must not form the basis of your trading or investment decisions.
Trading Conditions
ATP Margin
0.002
Contract Size Currency per 1 Lot Symbol
USD 100,000
Min/Max Trade Size (lots)
0.01 / 50
Schedule and Fees
Market Open
Monday 00:01 MT Server
Market Closed
Friday 23:58 MT Server
Trading Break
23:59 - 00:01 MT Server
3 Day Financing
Wednesday
Long & Short Position Overnight Fee
displayed on the trading platform
Upcoming Calendar Events
| September 04 | Friday | Volatility | Actual | Previous | Consensus | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 19:30 |  JP | JPY | CFTC JPY NC Net Positions | LOW | -63.3 | ||||||||
| 19:30 |  UK | GBP | CFTC GBP NC Net Positions | LOW | -44.5 | ||||||||
FAQ
The USD/ZAR forex pair represents the exchange rate between the United States dollar (USD) and the South African rand (ZAR). In this pair, the USD is the base currency, and the ZAR is the quote currency. This means that if the USD/ZAR exchange rate is 18.72, it would take 18.72 South African rands to purchase one US dollar.
The South African rand has a history dating back to 1961, the year it replaced the South African pound. It was introduced after South Africa became a republic, breaking ties with the British Commonwealth. Since then, the South African rand has undergone several changes and redenominations. It is known for its volatility in the forex market, which can make it an attractive option for traders seeking opportunities for speculation.
Nicknamed the “Greenback,” the US dollar is considered the world’s primary reserve currency, held by most central banks and investment institutions. It also acts as legal tender in a few countries, including Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Timor-Leste, and Zimbabwe. The dollar's dominance in international trade has significant implications for exchange rates and economic policies around the globe, and it can serve as a benchmark for nations that choose to link or peg their currencies to the dollar's value.
Many countries and central banks hold significant reserves of US dollars as part of their foreign exchange reserves. These reserves are often used to stabilise their own currencies or facilitate international trade.