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Open <% currencies.converter.data.Current.closerate %>
High <% currencies.converter.data.Current.high %>
Low <% currencies.converter.data.Current.low %>
Change
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<% 1 %> USD = <% 1 * currencies.converter.rate |toFixed: 4 %> ZAR
Into
<% 1 %> ZAR = <% 1 / currencies.converter.rate |toFixed: 4 %> USD
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USD to ZAR conversion rates
USD
ZAR
<% amount %> USD
<% amount * currencies.converter.rate |toFixed: 4 %> ZAR
ZAR
USD
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<% amount / currencies.converter.rate |toFixed: 4 %> USD
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What impacts the USD/ZAR exchange rate
Trading the US dollar against the South African rand, USD/ZAR is considered an exotic currency pair in the forex market, pitting the most popular currency against one of the leading emerging market currencies. Exotic currency pairs like this one are less liquid than the more popular forex pairs and come with higher spreads and higher costs to trade. However, this very reason makes USD/ZAR more volatile than more established pairs, offering more opportunities for profits if traded well. The value of the US dollar and the South African rand are impacted by the release of key economic data from the US and South Africa, as well as monetary policy and interest rate decisions by the Federal Reserve and the South African Reserve Bank. Market moving economic data that can affect the exchange rate of USD/ZAR include GDP, inflation, employment, trade balance and current account balance. Being a risk currency, the value of the ZAR is strongly affected by market sentiment. When the risk appetite diminishes in global financial markets, the South African rand weakens, which turns USD/ZAR bullish. A risk-off sentiment also benefits the US dollar, which is considered a safer currency to trade in times of uncertainty, supporting further bullishness in this forex pair.
USD to ZAR exchange rate - FAQ
How does trade impact the exchange rate of USD/ZAR?

Trade has a very important role to play in determining the value of both the US dollar and the South African Rand. Whenever exports out of the US or South Africa increase, it strengthens the USD or the ZAR respectively as it gives a boost to the respective country's economy. Meanwhile, when key trade partners of the US or South Africa have poor economic performance, trade gets affected and weakens the currencies.

What impact does politics have on the USD and the ZAR?

Even though the US dollar is one of the most stable currencies in the world, both the USD and the ZAR are impacted by political developments within the US and South Africa. When a business-friendly government comes to power, traders take it as a positive sign for the economy and the currency trades bullish. On the other hand, governments that hike corporate taxes or release policies that hamper business confidence typically weaken the currencies.

What was the lowest exchange rate for USD/ZAR this year?

USD/ZAR touched a low of 16.166 on 17 September 2020. This has been the weakest level this currency pair has touched so far this year.