South African Rand vs Japanese Yen
ZARJPY
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
ZAR 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 12 | Saturday | Volatility | Actual | Previous | Consensus | |||||||||
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FAQ
The ZAR/JPY currency pair represents the exchange rate between the South African rand (ZAR) and one of the world's main reserve currencies, the Japanese yen (JPY), or the number of yen required to purchase one rand (the base currency).
South Africa is a prominent member of numerous regional organisations and actively promotes economic cooperation and development in Africa. South Africa is one of the BRICS economies, which are characterised by their large populations and emergent market status (Brazil, Russia, India, China, and South Africa). Numerous sectors, such as energy, infrastructure, and technology, offer investment opportunities in this country. The rand's volatility and sensitivity to external forces provide ample opportunities for traders to profit from market fluctuations.
Japan's economy is technologically advanced and highly developed, with prominent manufacturing and export sectors. The Japanese yen is the third most traded currency in the world and is regarded as a safe-haven asset, making it an attractive way to de-risk portfolios during times of financial or economic instability. The yen has a 150-year history and is notable for its exceptionally low-interest rates, which promote economic growth.
As it is feasible to borrow yen at low-interest rates to finance higher-yielding projects, the JPY has become the world's financing currency. Due to Japan's current account surplus and reputation for economic stability, international investors find the yen a desirable currency.
This "exotic" combination illustrates the interaction between two diverse economies and their respective currencies and can provide forex speculators with diversification opportunities.
