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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 18.78012 | 18.60009 | 18.96015 | 18.78012 | 18.78012 | 18.78012 | 0 | 01:00:00 |
From Apr 2019 to Apr 2024
The South African Rand lost ground against the U.S. dollar in European trading on Wednesday, amid worries about global growth, as well as a warning by the South African Reserve Bank that any ratings downgrade could lead to increased capital outflows.
In the Financial Stability Review released Tuesday, the central bank said persistent weak economic fundamentals, wider current account deficit, the growing trend of the fiscal debt and other structural constraints in the South African economy had raised concerns about its outlook with credit rating agencies, which could cause ratings downgrade.
The South African rand declined to 14.86 against the greenback, its weakest since April 11.The South African Rand is seen finding support around the 16.00 zone. The pair ended yesterday's trading at 14.64.
1 Year US Dollar vs ZAR Chart |
1 Month US Dollar vs ZAR Chart |
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