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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.0709 | -0.39% | 18.28535 | 18.2817 | 18.289 | 18.33143 | 18.28345 | 18.35555 | 0 | 07:12:22 |
From Jul 2019 to Jul 2024
The South African rand showed strength against the US dollar on Tuesday morning despite a government report showed that South Africa's gross domestic product or GDP at market prices decreased a seasonally adjusted and annualized 3% in the second quarter.
Economists were looking for a decline of 3.3%. The GDP had fallen 6.4% in the previous quarter and was up 1.7% a year earlier.
On an unadjusted basis, the GDP at market prices dropped an annualized 2.8% in the second quarter compared to a 1.3% fall in the preceding quarter.
Bouncing back from Monday's fresh multi-week low, the rand advanced more than 2.1 percent against the US dollar to reach a high of 8.0379 around 5:00 am ET. This may be compared to yesterday's close of 8.165. The dollar-rand pair stayed on holding pattern thereafter and is currently worth 0.8412 with 7.992 seen as the next target level.
1 Year US Dollar vs ZAR Chart |
1 Month US Dollar vs ZAR Chart |
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