USDZAR
Market is closed. Opens in 01h 34m
US Dollar vs South African Rand
Chart
Specification
| Details | |
|---|---|
|
Contract size
|
100000 |
|
Min volume, lot
|
0.01 |
|
Max volume, lot
|
100 |
|
Step volume, lot
|
0.01 |
|
Stops level
|
0 |
|
Avg spread, pips
|
84.7 |
|
Commission, per lot/side USD
|
0 |
|
Margin
|
0.5% |
|
Long swap, points
|
-397.56 |
|
Short swap, points
|
0 |
|
3 days swap
|
Wednesday |
|
Profit currency
|
USD |
| Trading time (MT server time) | |
|---|---|
| Market is closed. Opens in 01h 34m | |
| Sunday | - |
| Monday | 00:02 - 24:00 |
| Tuesday | 00:00 - 24:00 |
| Wednesday | 00:00 - 24:00 |
| Thursday | 00:00 - 24:00 |
| Friday | 00:00 - 23:58 |
| Saturday | - |
Description
The USDZAR currency pair represents the exchange rate between the US dollar (USD) and the South African rand (ZAR). It shows how many South African rand are needed to buy one US dollar and is known for its volatility due to South Africa’s emerging market status.
Factors influencing USDZAR:
- Commodity prices: South Africa’s economy is heavily reliant on precious metals like gold and platinum.
- Monetary policy: Interest rate decisions by the Federal Reserve and the South African Reserve Bank (SARB).
- Political stability: Domestic political risks and global economic conditions impact the currency pair’s movement.
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