- Trading
- Instrument Specifications
- Currency Pairs
- USD / ZAR Investing
Trading a Currency Pair - USDZAR
USD/ZAR Forex Trading Conditions
| Options | Standard-Fixed & Floating | Beginner-Fixed & Floating | Demo-Fixed & Floating |
|---|---|---|---|
| Fixed spread, pip | 75 | 75 | 75 |
| Floating Spread, pip | 75 | 75 | 75 |
| Order distance, pip | 150 | 150 | 150 |
| Swap, pip (Long/Short) | -24.38 / -0.55 | -24.38 / -0.55 | -24.38 / -0.55 |
| Digits | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | >=10000.00 USD | 100.00 – 100000.00 USD | >=100.00 USD |
| Contract size | -/- | -/- | -/- |
|
1 pip value per 100000 | 10 ZAR | 10 ZAR | 10 ZAR |
| Options | Standard-Fixed | Micro-Fixed | Demo-Fixed | PAMM-Fixed |
|---|---|---|---|---|
| Fixed spread, pip | 75 | 75 | 75 | floating |
| Order distance, pip | 150 | 150 | 150 | 150 |
| Swap, pip (Long/Short) | -24.38 / -0.55 | -24.38 / -0.55 | -24.38 / -0.55 | -24.38 / -0.55 |
| Digits | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 USD | 100000 USD | 100000 USD | 100000 USD |
|
1 pip value per 1 lot | 10 ZAR | 10 ZAR | 10 ZAR | 10 ZAR |
| Options | Standard-Floating | Micro-Floating | Demo-Floating | PAMM-Floating |
|---|---|---|---|---|
| Floating Spread, pip | 75 | 75 | 75 | 75 |
| Order distance, pip | 150 | 150 | 150 | 150 |
| Swap, pip (Long/Short) | -24.38 / -0.55 | -24.38 / -0.55 | -24.38 / -0.55 | -24.38 / -0.55 |
| Digits | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 USD | 100000 USD | 100000 USD | 100000 USD |
|
1 pip value per 1 lot | 10 ZAR | 10 ZAR | 10 ZAR | 10 ZAR |
USD/ZAR Trading Hours
USD/ZAR trading hours are the time when investors can buy and sell USD/ZAR. The USD/ZAR is traded on multiple exchanges around the world. This means that investors have many different opportunities to trade USD/ZAR during different trading hours. Depending on where you live, you may be able to trade USD/ZAR at any time throughout the day or night. For those who want to take advantage of these opportunities, it is important to know when USD/ZAR trading hours begin and end.
US dollar vs South African rand
Type: Exotic pair
The Rand is currently the legal tender for South Africa, Lesotho, Namibia and Swaziland. This currency benefits when investors take on more risk in developing countries. The Rand is pushed lower because of any pullback in risk from global markets, for instance this happened during the financial crisis of 2008.
USDZAR Trading
The Rand is currently the legal tender for South Africa, Lesotho, Namibia and Swaziland. This currency benefits when investors take on more risk in developing countries. The Rand is pushed lower because of any pullback in risk from global markets, for instance this happened during the financial crisis of 2008. This pair presents how many South African rands are needed to trade USDZAR. For a deeper understanding how to trade currency pairs, for example USDZAR, you will need to know about bid and ask, pips and more, we suggest to start from basics "What is Forex Trading".
Currency Pair USDZAR | Forex | Minor
The US dollar (USD, “Greenback”) is the most widely traded currency in the world. The issuer is the Federal Reserve System(the Fed).
- Is the most popular reserve currency, held by central banks, financial institutions and private investors
- Is considered as a “safe haven” currency in periods of instability due to universally recognized reliability of the US economy
- Is used as a standard payment unit in commodity markets
