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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.0595 | -0.32% | 18.48885 | 18.4732 | 18.5045 | 18.54746 | 18.3757 | 18.54559 | 0 | 20:16:10 |
From May 2019 to May 2024
The South African Rand slipped against the U.S. dollar in European deals on Wednesday, sell-off in the oil intensified after the Saudi oil minister dashed hopes for production cut to curb supply glut.
South African Finance Minister Pravin Gordhan presented the 2016 budget, pushing up the budget deficit estimate to 3.9 percent for 2015/16, from 3.8 percent seen in October.
The treasury slashed GDP forecast for 2016 to 0.9 percent, from 1.7 percent forecast in October.
The South African Rand dropped to a weekly low of 15.5892 against the greenback, compared to Tuesday's closing value of 15.2233. If the rand slides further, 16.5 is possibly seen as its next support level.
1 Year US Dollar vs ZAR Chart |
1 Month US Dollar vs ZAR Chart |
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