USD/ZAR

17.4099
1.20%
Daily
  • L. 17.18028
  • H. 17.41508
  • Ch. 0.20937
  • Ch.% 1.20%
Overview
Costs & Margins
  • USD/ZAR is an exotic forex pair representing how many South African rands equal one US dollar. The rand was first used in 1960s after South Africa became a republic and stopped using the British pound. The currency depreciated rapidly in the 1980s when dozens of countries placed trade sanctions on South Africa during the apartheid era.

    South Africa’s economy is characterized as a developing market fuelled mainly by the mining and export of precious and base metals. Traders looking to take on risk may buy in to a developing market like South Africa. However, the country’s dependence on foreign trade makes its economy highly reactive to global economic conditions.

  • Margin From
    7.0 %
  • Trading Hours
    24 hours / day *
  • Min Trade Size
    1000
  • Long
    0.0
  • Short
    0.0
  • Min Stop Distance
    0.01 points
  • Spreads
  • Spreads From
    0.00667 Points
  • Margins
  • 0 - 1000 000
    7.0 %
  • 1000 000 - 5000 000
    10.0 %
  • 5000 000 - 10000 000
    15.0 %
  • 10000 000 - 20000 000
    20.0 %
  • 20000 000 +
    40.0 %
  • Dealing
  • Spreads
    0.00667 Points
  • Margins
  • 0 - 1000 000
    7.0 %
  • 1000 000 - 5000 000
    10.0 %
  • 5000 000 - 10000 000
    15.0 %
  • 10000 000 - 20000 000
    20.0 %
  • 20000 000 +
    40.0 %

Pivot points
Dailys
Weekly
Monthly
Pivot point
17.15264
Bid
17.22051
Offer
17.23088
Distance
0
Last Updated: 1/26/2023 10:00:00 PM

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