The USDZAR spread betting guide:
Where Can I Spread Bet on USDZAR?
You can spread bet on USDZAR and thousands of other markets with these spread trading companies:
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| Euro/Dollar Daily |
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| Euro/Sterling Daily |
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| Sterling/Dollar Daily |
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| Sterling/Euro Daily |
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Remember – spread betting is high risk, your losses can exceed your deposits.
Live USDZAR Chart
Live USDZAR Chart
Where Can I Get Live Spread Betting Prices and Charts for USDZAR?
The quick chart above provides a valuable guide.Of course, for those that are spread betting on USDZAR, the providers mentioned above include real-time pricing and charts with more indicators and features.
Example spread trading chart:
USDZAR Spread Betting Example
This means you can bet on USDZAR to move above R 10.5427 or move below R 10.5277.
With spread betting, investors speculate on every unit the market rises or falls; with the USDZAR market a unit is R 0.0010 of the currency pair’s price movement.
Let’s say you decide to stake £2 for every R 0.0010 USDZAR increases or decreases.
Spread Betting on the Market to Increase
If you were to buy USDZAR at R 10.5427 and the currency pair increased then the price could move to R 10.6270 – R 10.6420. Assuming this was the case, you might want to close your trade for a profit by selling at R 10.6270.P&L = (settlement price of the market – opening price of the market) x stake per R 0.0010
P&L = (R 10.6270 – R 10.5427) x £2 per R 0.0010 stake
P&L = R 0.0843 x £2 per R 0.0010
P&L = £168.60 profit
Nevertheless, if the currency pair decreased to, as an example, R 10.4531 – R 10.4681, you might decide to close your position to limit your losses. If this were the case, you’d sell back at R 10.4531.
So, with the same £2 per R 0.0010 stake:
P&L = (settlement price of the market – opening price of the market) x stake per R 0.0010
P&L = (R 10.4531 – R 10.5427) x £2 per R 0.0010 stake
P&L = R -0.0896 x £2 per R 0.0010
P&L = -£179.20 loss
Spread Betting on the Market to Decrease
A key benefit of spread betting is that investors can short sell the markets, i.e. bet on the markets to fall.To start with, the market was R 10.5277 – R 10.5427.
If you shorted USDZAR at R 10.5277 and the currency pair fell then the quote might be re-priced at R 10.4411 – R 10.4561. If that were to happen, you might decide to close your position for a profit by buying at R 10.4561.
P&L = (opening price of the market – settlement price of the market) x stake per R 0.0010
P&L = (R 10.5277 – R 10.4561) x £2 per R 0.0010 stake
P&L = R 0.0716 x £2 per R 0.0010
P&L = £143.20 profit
Markets can also rise, if the currency pair had moved up to R 10.5888 – R 10.6038, you could close your trade to prevent further losses. Therefore, you would buy the market at R 10.6038.
With the same £2 per R 0.0010 stake:
P&L = (opening price of the market – settlement price of the market) x stake per R 0.0010
P&L = (R 10.5277 – R 10.6038) x £2 per R 0.0010 stake
P&L = R -0.0761 x £2 per R 0.0010
P&L = -£152.20 loss
USDZAR Rolling Daily prices accurate as of 25-Jul-14.
Be aware that this is a rolling daily market. These trades do not have a predetermined settlement date and will rollover to the next trading day. If it does rollover, then you may receive a small credit or incur a small financing charge. For more details, see rolling daily spread betting charges.
USDZAR Test Accounts
The firms listed below offer test accounts. I.e. accounts which let you place spread bets on USDZAR without risking your money.
Spread betting carries a high level of risk. You can lose more than your initial investment or stake. Spread betting may not be suitable for all investors. Only trade with money that you can afford to lose. Make sure you fully understand the risk involved. If necessary, seek independent financial advice.