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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0714 | -0.39% | 18.3331 | 18.33034 | 18.33586 | 18.43312 | 18.27035 | 18.41472 | 0 | 19:01:38 |
Against its US counterpart, the South African rand traded higher during New York deals on Monday. At about 3:15 pm ET, the rand jumped to 7.5720 versus the greenback, which may be compared to Friday's closing value of 1.3073. This set an 11-day low the South African currency. The next upside target level for the rand is seen at 7.5500.
South Africa's seasonally adjusted Purchasing Managers Index or PMI for manufacturing increased to 60.4 in February from 53.6 in January, the Kagiso Securities said on Monday. This was the highest reading since early 2007. A reading above 50 indicates expansion, while one below 50 suggests contraction.
1 Year US Dollar vs ZAR Chart |
1 Month US Dollar vs ZAR Chart |
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