Currencies

  • ZARUSD Currency Pair

    ZARUSD Currency Pair The rand (ZAR) has been the official currency of South Africa since 1961 when the country first became a republic. As the biggest US trade partner in Africa, in 2018 South Africa traded a dual value of US$14 billion. United States is the third-largest trading partner to South Africa, and a dual bilateral trade agreement has been in existence since 1994. History Of ZARUSD In 1789 the…

  • Is The Rand Still A Strong Currency In Africa?

    Despite having the second-largest economy in Africa and a wealth of natural resources, South Africa's currency, the rand (ZAR), has been in a nearly 30-year downtrend with some notable peaks and valleys against the U.S. dollar (USD). These have been largely due to seemingly endemic government corruption, frequent electric power outages around the country, a strong USD, and periodic investor uncertainties about emerging markets. Over the past five years or…

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