USDZAR chart by TradingView


Moving away from the Pound in the late 50's to early 60's, the Rand was established and is the current legal tender for South Africa, Swaziland, Lesotho and Namibia. The Rand has had its fair share of volatility with the currency depreciating massively following the apartheid era sanctions. The currency looks to benefit when investors are willing to take on more risk in developing countries. Any pullback in risk from global markets pushes the Rand significantly lower as seen during the financial crisis of 2008.


South African Rand Clobbered by S&P Junk Downgrade

The South African Rand continues to tumble following the largely expected downgrade of its country’s sovereign debt by Standard & Poor’s.
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Analyst Picks

Tyler Yell, CMT   

Forex Trading Instructor

My Picks: Bullish USD/ZAR: Looking To Buy On Break of Lower High @ 100-DMA (14.58)
Expertise: Elliott Wave, Technical Analysis, and Intermarket Analysis
Average Time Frame of Trades: 1 Week - 3 Weeks

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