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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.0393 | -0.21% | 18.31804 | 17.92749 | 18.70859 | 18.5299 | 18.31804 | 18.35305 | 0 | 22:00:06 |
From Jul 2019 to Jul 2024
The South African rand rallied after the nation's Reserve Bank decided to maintain its key interest rate at 7% per annum.
Bouncing back from yesterday's 10-day low, the rand rose 2.7 percent to a 4-day high of 7.37 against the greenback by 10:20 am ET Tuesday. The dollar-rand pair was worth 7.474 at Monday's close.
The decision to retain the base rate was in line with expectations. Policymakers assessed that risks to the inflation outlook appear to be fairly evenly balanced. "Given the current policy stance, inflation is expected to continue moderating and return to within the inflation target range during the forecast period."
As of 10:35 am ET, the greenback-rand pair was quoted at 7.39. On the upside, the domestic currency may find target around the 7.362 level.
1 Year US Dollar vs ZAR Chart |
1 Month US Dollar vs ZAR Chart |
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