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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.0326 | -0.18% | 18.32365 | 18.3095 | 18.3378 | 18.3715 | 18.31708 | 18.35555 | 0 | 03:12:40 |
From Jul 2019 to Jul 2024
The South African rand that closed Wednesday's deals at 7.8025 against the US dollar advanced more than 1.20 percent to touch a 6-day high of 7.7050 by 10:25 am ET Thursday. The rand is presently worth 7.7509 per dollar and a move above the 7.68 resistance level may lead the domestic unit to touch its highest level in 6-week.
In economic news, the South African Reserve Bank said in a report that nation's budget deficit was 10% of GDP in the first quarter of the fiscal year. At the same time, the deficit, excluding borrowing and debt repayment, rose to ZAR 57.7 billion from a year ago.
In a separate report, the central bank said the deficit in current account was 3.2% of GDP in the second quarter, narrowing from 7% of GDP in the previous quarter.
1 Year US Dollar vs ZAR Chart |
1 Month US Dollar vs ZAR Chart |
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