EURZAR is an exotic cross-rate pair, with the highest volatility, which shows the ratio of the euro to the South African rand.
Despite the absence of the US dollar in the pair, it has a significant impact on both currencies. Therefore, to correctly analyze and successfully trade the EURZAR pair, traders should pay attention to such macroeconomic indicators of the US as the interest rate level, the GDP, inflation, The situation in the eurozone and South Africa, without a doubt, should be considered as well. The EUR/ZAR exchange rate is highly volatile, so you can successfully trade the EUR/ZAR pair using short and medium-term trading strategies.
Despite the absence of the US dollar in the pair, it has a significant impact on both currencies. Therefore, to correctly analyze and successfully trade the EURZAR pair, traders should pay attention to such macroeconomic indicators of the US as the interest rate level, the GDP, inflation, The situation in the eurozone and South Africa, without a doubt, should be considered as well. The EUR/ZAR exchange rate is highly volatile, so you can successfully trade the EUR/ZAR pair using short and medium-term trading strategies.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.