ZAC Price, Chart, Live Rate and Forecast -Markets.com

ZAC

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Analysis and statistics

Open
1759.8083$
Previous Close
1759.7636$
52 Week Change
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Day Range
0.04$
52 Week High/Low
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Dividend Per Share
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Market cap
--$
EPS
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Beta
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Volume
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About

The symbol ZAC.FOREX, though seemingly formatted like a forex pair, does not represent a standard or recognized currency pair within the global foreign exchange market. Forex pairs are typically denoted by two three-letter currency codes (e.g., EUR/USD, GBP/JPY). The 'ZAC' code does not correspond to a known national currency or ISO 4217 standard currency code. Therefore, ZAC.FOREX most likely refers to a proprietary instrument, a simulated trading environment, or a typo. It could potentially be used within a specific brokerage's platform for demo accounts, educational purposes, or a custom synthetic index related to forex trading, but it is not a genuine, tradeable currency pair in the open market. It is essential to clarify the origin and meaning of this symbol within the specific platform or context where you encountered it before interpreting it as a standard forex pair.

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Factors

Economic Indicators: Interest rates, inflation, GDP growth in South Africa and globally impact ZAR's value.

Political Stability: Uncertainty or stability in South African politics influences investor confidence in ZAR.

Commodity Prices: As a commodity-exporting nation, ZAR's value is linked to prices of gold, platinum, etc.

Global Risk Sentiment: ZAR is sensitive to global risk appetite. Risk-on boosts ZAR, risk-off weakens it.

Market Speculation: Trading activity and speculative positions can cause short-term ZAR price fluctuations.

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