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| Name | Symbol | Market | Type |
|---|---|---|---|
| United States Dollar vs South African Rand | FX:USDZAR | Forex | Exchange Rate |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.0497 | 0.27% | 18.21475 | 18.212 | 18.2175 | 18.2169 | 18.18228 | 18.1624 | 0 | 07:13:07 |
From May 2019 to May 2024
The South African Rand fell against the U.S. dollar in the European session on Friday, after ratings agency Moody's assessed that South Africa's mid-term budget projected a larger fiscal deficit that is credit negative.
"The government's revised budget policy statement projects larger fiscal deficits and higher government debt, amid slower growth, a weaker rand and higher interest rates than expected in February, a credit negative," Moody's said.
The rand fell following the statement, touching a new 2-week low of 14.73. If the rand falls further, 16.00 is possibly seen as its next support level. At Thursday's close, the pair was worth 14.62.
1 Year US Dollar vs ZAR Chart |
1 Month US Dollar vs ZAR Chart |
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