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EUR/ZAR TRADING
History of the Euro
The euro was released on 1 January 1999, following a decade of preparations: for the first three years, it was a 'invisible' currency, used exclusively for accounting purposes and electronic payments. Coins and banknotes were introduced on 1 January 2002, and the largest currency changeover in history occurred in 12 EU countries.
History of the South African Rand
It was first made in 1961 when South Africa became a country. It took the place of the South African pound, which had been the legal currency of the Union of South Africa since 1910, when it was set up as a British colony.
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EUR/ZAR Trading FAQs
What affects trading EUR/ZAR?
What affects trading EUR/ZAR?
With some currencies seeing rapid growth, foreign currency pairings serve as investment tools that expand alongside them. The forex market is now flooded with pairs with relatively significant volatility and a plethora of profit opportunities, one of which is EUR/ZAR.
When Is the Best Time to Trade EUR/ZAR?
When Is the Best Time to Trade EUR/ZAR?
To trade these products effectively, you should do so around significant economic releases at 1:45 am and 2 am Eastern Time on weekdays and between the hours of 12 am to 1 pm ET on weekends, when both European and American exchanges are keeping all cross markets busy and liquid.
Where Can I Find a Trusted Forex Broker to Trade EUR/ZAR?
Where Can I Find a Trusted
Forex Broker to Trade EUR/ZAR?
As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as EUR/ZAR. While there are numerous Forex brokers out there. Try to find one that suits your needs. Such as FP Markets, a fully regulated broker that offers all types of platforms and accounts, to suit every need.