USD/ZAR

USD/ZAR CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the US Dollar against the South African Rand.  

The US Dollar is the world's primary reserve currency and the most widely traded currency globally. Its value is influenced by US economic performance, Federal Reserve monetary policy, and global economic sentiment.  

The South African Rand, issued in South Africa, is heavily influenced by commodity prices, particularly gold and platinum, due to South Africa's significant natural resource exports.

The Rand may experience fluctuations in response to these commodity prices, domestic political stability, and economic indicators related to South Africa. The USD/ZAR currency pair will be influenced by the relative economic performance and monetary policies of the United States and South Africa, and also heavily by the commodity markets and South African political stability.