USD vs ZAR Spread Bets





Also see Live USDZAR chart below.



Where Can I Spread Bet on USDZAR?

You can spread bet on USDZAR and thousands of other markets with these spread trading companies:

Financial Spreads ETX Capital Spreadex IG City Index
Dollar/Yen Daily Financial Spreads Dollar/Yen Daily ETX Capital Dollar/Yen Daily Spreadex Dollar/Yen Daily IG Dollar/Yen Daily City Index Dollar/Yen Daily
Euro/Dollar Daily Financial Spreads Euro/Dollar Daily ETX Capital Euro/Dollar Daily Spreadex Euro/Dollar Daily IG Euro/Dollar Daily City Index Euro/Dollar Daily
Euro/Sterling Daily Financial Spreads Euro/Sterling Daily ETX Capital Euro/Sterling Daily Spreadex Euro/Sterling Daily IG Euro/Sterling Daily City Index Euro/Sterling Daily
Sterling/Dollar Daily Financial Spreads Sterling/Dollar Daily ETX Capital Sterling/Dollar Daily Spreadex Sterling/Dollar Daily IG Sterling/Dollar Daily City Index Sterling/Dollar Daily
Sterling/Euro Daily Financial Spreads Sterling/Euro Daily ETX Capital Sterling/Euro Daily Spreadex Sterling/Euro Daily IG Sterling/Euro Daily City Index Sterling/Euro Daily
Other Forex Financial Spreads Other Forex ETX Capital Other Forex Spreadex Other Forex IG Other Forex City Index Other Forex
The above spread betting markets may also be available with other companies.


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:

USD vs ZAR Spread Bets - Example Chart



USDZAR Spread Betting Example

USD vs ZAR Spread Bets
If you’re interested in financial spread betting on an FX rate like USDZAR then, looking at a company like IG, you might find a price of R 10.5277 – R 10.5427.

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.



User Questions and Answers on USDZAR

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