USDZAR United States Dollar vs South African Rand

18.359

0.0017 (0.01%)

Last Updated: 20:45:09

Delayed by 15 minutes

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
	0.0017	0.01%	18.359	18.344	18.374	18.5299	18.3207	18.35305	0	20:45:09

South African Rand At 2-day Low Against US Dollar

07/10/2009 3:14pm

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US Dollar vs ZAR (FX:USDZAR)
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Wednesday morning in New York, the South African currency showed weakness against the US dollar. Pulling back from yesterday's multi-day high, the rand dropped 1.85 percent to a 2-day low of 7.512 against the greenback before snapping some gains back around 9:05 am ET. The dollar-rand pair that closed yesterday's deals at 7.4295 is presently worth 7.4714.

In economic news, South Africa's gross reserves increased to $39.14 billion in September from $37.95 billion in August, the Reserve Bank said today.

Net reserves increased to $37.91 billion from $36.92 billion and gold reserves climbed to $4.02 billion from $3.7 billion. Forex reserves were $35.11 billion, up from $34.15 billion.