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.


Further Losses Likely for South African Rand After Zuma Survives Vote

Political risk in South Africa will likely keep the Rand under pressure after motion of no-confidence in President Jacob Zuma was defeated.
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Paul Robinson

Paul Robinson   

Market Analyst

My Picks: USDZAR, Pending Short
Expertise: Technical
Average Time Frame of Trades: Several days to several weeks

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