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ZARUSD

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    0.0561$
  • Previous Close
    0.057$
  • 52 Week Change
    --
  • Day Range
    -0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

ZARUSD.FOREX refers to the South African Rand to US Dollar exchange rate in the foreign exchange (forex) market. This symbol represents the price of one US dollar in terms of South African Rand. Traders and investors use this symbol to track the relative value of the two currencies and to speculate on or hedge against fluctuations in their exchange rate. The ".FOREX" suffix simply indicates that the symbol is being used within the context of the foreign exchange market.
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Factors

Interest Rates: Higher South African interest rates attract foreign investment, increasing ZAR demand and potentially strengthening it against the USD.

Commodity Prices: South Africa is a major commodity exporter. Higher commodity prices, especially gold and platinum, can boost ZAR.

Global Risk Sentiment: Risk-on sentiment favors emerging market currencies like ZAR. Risk-off sentiment strengthens the USD as a safe haven.

South African Political & Economic Stability: Political instability or economic uncertainty weakens the ZAR.

US Economic Data: Strong US economic data typically strengthens the USD.

Inflation: Inflation differentials between South Africa and the US impact relative currency values.

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