How to trade
USD/ZAR

USDZAR is a currency pair that offers a complex view of the exchange between the United States Dollar and the South African Rand. Everybody eager to understand how to trade USDZAR must remember that commodity prices and political factors heavily influence it.

How to trade USDZAR?

Entering into the USDZAR market requires consideration of a range of factors from the American and South African sides. SimpleFX provides a demo account for those investors who want to train how to trade USDZAR. This feature enables the practice of new strategies for both beginners and experienced traders in the forex market. Most importantly, they can conduct several transactions and analyze price movements of the currency pair without the risk of real financial assets.

After switching to a live account, investors can experience trading without minimum deposit and trade commissions. Moreover, the SimpleFX platform gives access to tools enabling conducting technical and fundamental analysis.

What is the best time to trade USDZAR?

According to investors worldwide, the most popular time to trade USDZAR is during the European trading session, overlapping with South African business hours when market liquidity is higher.

There is a noticeable time window of enhanced liquidity when the London Stock Exchange and the New York Stock Exchange overlap. Excluding rare exceptions, this period stands between 1 PM and 5 PM GMT. Navigating this window, traders may experience increased market activity, but they must always stay alert to the volatility inherent in peak times.

Is the USDZAR price going up or down?

Investors can’t precisely anticipate USDZAR price movement due to the high amount of unpredictable factors that may impact the value of this currency pair. Even so, investors must monitor the Federal Reserve’s interest rate decisions and US economic data. On the other hand, South African Rand is heavily connected to commodity export prices, particularly precious metals, which are significant to RSA’s economy.

The unpredictability of the market means even well-researched decisions carry inherent risks, which drives investors to stay updated all the time.

Investors can check the current USDZAR price on the chart above or the SimpleFX platform.

Is USDZAR a popular currency pair?

While USDZAR is not as widely traded as the major currency pairs, it is popular among traders interested in emerging markets and those with vast knowledge about commodities trading.