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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0554 | -0.30% | 18.34908 | 18.30808 | 18.39008 | 18.45714 | 18.23056 | 18.41472 | 0 | 23:05:11 |
The South African rand that slumped to a 15-day low of 7.5197 against the US dollar on Tuesday's early trading stabilized in early New York deals. As of 9:45 am ET, the dollar-rand pair was worth 7.4625 and this may be compared to Monday's close of 7.3767. If the rand declines further, support is likely to be seen around the 7.5730 level.
In economic news, the Statistics South Africa announced that the manufacturing production dropped 4.7% year-on-year in November, compared to the 9.6% fall in the previous month, revised from 9.3% decline estimated initially. Economists expected a decline of 5.7%.
On a monthly basis, manufacturing output rose a seasonally adjusted 0.7% in November, compared to the 0.4% decline expected by economists.
1 Year US Dollar vs ZAR Chart |
1 Month US Dollar vs ZAR Chart |
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