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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.091 | 0.50% | 18.4483 | 18.4458 | 18.4508 | 18.5299 | 18.39212 | 18.3565 | 0 | 13:49:08 |
The South African currency gained ground against the US dollar in early trading on Tuesday after the Statistics South Africa announced that the gross domestic product or GDP increased a seasonally adjusted and annualized 0.9% sequentially in the third quarter. This beat economists' expectations, who called for an increase of 0.5%.
Hovering near yesterday's 4-day high, the rand rose to 7.446 against the greenback around 7:00 am ET. The dollar-rand pair, which was worth 7.5020 at yesterday's close, is currently quoted at 7.4710. If the domestic unit gains further, resistance is likely to be seen near the 7.363 level.
1 Year US Dollar vs ZAR Chart |
1 Month US Dollar vs ZAR Chart |
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