How to trade
EUR/ZAR

The EURZAR currency pair offers a unique look into the interplay between the established economies of the Eurozone and the emerging market of South Africa. Everybody wondering how to trade EURZAR should be aware of constant price movements and factors influencing these fluctuations.

How to trade EURZAR?

Trading EURZAR combines the broad-based economic activity of the European Union with South Africa’s resource-rich economy. This cross-continental pair may be tricky, especially for those just entering the forex market. Investors eager to understand how to trade EURZAR can start with a demo account available on the SimpleFX platform. It enables them to learn about the pair’s price movements without financial risks.

After switching to a live account, investors can experience trading without minimum deposit and trade commissions. Moreover, the SimpleFX platform gives access to tools enabling conducting technical and fundamental analysis.

What is the best time to trade EURZAR?

Timing is essential for traders, especially in the forex market. Even though it is active 24/5, EURZAR can be traded during European trading hours, which overlaps with the beginning of the South African trading day.

There is a noticeable time window of enhanced liquidity when the London Stock Exchange and the New York Stock Exchange overlap. Excluding rare exceptions, this period stands between 1 PM and 5 PM GMT. Navigating this window, traders may experience increased market activity, but they must always stay alert to the volatility inherent in peak times.

Is the EURZAR price going up or down?

Forecasting the exact EURZAR price movement is impossible. However, investors should pay attention to the factors influencing its price. From the European Central Bank’s monetary policies to South Africa’s economic performance, including commodity export prices, political stability, and other macroeconomic factors, each can have a considerable impact on the pair’s movement.

The unpredictability of the market means even well-researched decisions carry inherent risks, which drives investors to stay updated all the time.

Investors can check the current EURZAR price on the chart above or the SimpleFX Webtrader platform.

Is EURZAR a popular currency pair?

While EURZAR may not be as widely popular currency pair as the major ones, it offers an important measure of risk sentiment towards emerging markets. Moreover, the pair’s popularity is rising among traders keenly interested in African markets and simultaneously wish to diversify their portfolios.