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country currency pairs eurzar

Euro vs South African Rand

Euro vs South African Rand (EURZAR)

EURZAR refers to the currency pair composed of the euro EUR and the South African rand ZAR. This currency pair is commonly traded on the foreign exchange market.

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Annual change
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All time High / Low
15.63784 / 21.32441
Buy

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Sell

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-.-
Daily price range:
Low
19.18292
High
19.20889

EURZAR Contract Specifications

  • Minimum Spreads, points: 0
  • Contract Size per Lot: 100000
  • Swap type: Points
  • Swap Long: -421.48
  • Swap Short: 47.63
  • Margin Group: FX Majors
  • Margin Currency: EUR
  • Tick size: 0
  • Trading Platform: MetaTrader 4
  • Minimum Volume: 0.01
  • Maximum Volume: 0
  • Trading Schedule EET: 00:00 - 23:59 Mon - Fri
  • Hedged Margin: 1
  • Days Swap: FX Wednesday, metals-indices-oil friday

History of EURZAR

The history of the EURZAR currency pair reflects the economic and financial interactions between the Eurozone and South Africa. Over the years, this pair has witnessed fluctuations influenced by various factors, including changes in economic policies, global market trends, and geopolitical developments. South Africa’s status as a prominent emerging market and its diverse economic landscape have also played a role in shaping the EURZAR exchange rate.

currency pair eurzar

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Frequently Asked Questions

EURZAR is a currency pair that represents the exchange rate between the euro (EUR) and the South African rand (ZAR). It indicates how much one unit of the euro is worth in terms of the South African rand. For example, if the EURZAR exchange rate is 15.00, it means that one euro is equivalent to 15.00 South African rands. Currency pairs like EURZAR are commonly traded on the foreign exchange market and are influenced by various economic factors, including interest rates, inflation, and political developments in both the Eurozone and South Africa. Traders and investors analyze the EURZAR exchange rate to make informed decisions and potentially profit from fluctuations in currency values.

To trade the EURZAR currency pair, you need to open a trading account, deposit your chosen capital, and access the broker’s trading platform. Analyze the market using both technical and fundamental analysis to guide your trading decisions. Execute buy (long) or sell (short) orders based on your analysis and trading strategy. Monitor your positions closely and implement risk management techniques, such as setting stop-loss and take-profit orders. Stay informed about news and events that can impact the EURZAR exchange rate, and continually assess and adapt your trading approach as needed.

The trading hours for EURZAR can be found here

Popular trading strategies for the EURZAR pair include trend following, swing trading, breakout trading, and fundamental analysis. Trend-following strategies involve identifying and trading with prevailing price trends. Swing trading focuses on capturing short- to medium-term price swings. Breakout trading looks for key support and resistance levels to enter trades when price breaks out. Fundamental analysis involves monitoring economic indicators, central bank policies, and geopolitical events that can affect the EURZAR exchange rate. Traders can choose the strategy that aligns with their trading style and risk tolerance.

When trading the EURZAR pair, consider factors such as economic data from the Eurozone and South Africa, central bank policies, political developments, and global market sentiment. Pay attention to interest rate differentials between the Euro and South African Rand, as they can significantly influence the exchange rate. Be mindful of the pair’s inherent volatility and the potential for abrupt price movements. Implement robust risk management strategies to protect your investments, and stay informed about broader economic and geopolitical events that can impact the EURZAR exchange rate. Thorough analysis and vigilance are essential for successful trading in this currency pair.