US DOLLAR / SOUTH AFRICA RAND Trading
The USD/ZAR is an exotic pair not traded as often as the majors but also gaining in popularity among traders. Traders might use USD/ZAR forex pair to hedge their currency exposure for an asset purchase or funds received in USD. This act offers them to lock in the current exchange rate and helps to avoid fluctuations of the currency.
History of USD ZAR Trading
The USD dates back to 1792, when the United States Congress created the US dollar as the official country’s currency. It serves as legal tender in many countries, and it is the most widely used currency in the world both in circulation and reserve. The US dollar forms the majors as it pairs with all main currencies in the foreign exchange market (forex).
The South African rand is the official currency of South Africa but also a legal tender in Swaziland, Lesotho and Namibia. After apartheid period sanctions, the South African rand experienced high volatility when depreciating. Today the ZAR looks stronger when investors decide to take on more risk in the developing countries.
|USD/ZAR Forex Chart|
|Minimum Nominal Trade Size: 1000|
|Overnight Interest (daily) Sell: -80.36%|
|Overnight Interest (daily) Buy: -325.55%|
|Trading Hours (GMT): 24/5|
|MT5 / MT4 Symbol: USDZAR|
Increase your ability
to profit in
all market conditions
Leverage options up to 20:1
Control, Functionality and deep liquidity
Full Market depth & see your orders in the queue
MT4, MT5, Webtrader & Iress with
superior client portal
Award winning support &
personal account managers
Low margins and competitive commission
+10,000 products on global stocks
across 4 continents
On long positions
No ownership of physical
Indem Sie Ihre E-Mail-Adresse angeben, stimmen Sie der Datenschutzrichtlinie von FP Markets zu und willigen ein, dass FP Markets Sie zu Marketingzwecken kontaktieren darf. Sie können diese Mitteilungen jederzeit deaktivieren.
Source - cache | Page ID - 5648