19.053 ZAR
-0.08 (-0.43%)

EURZAR Key Statistics

Open price
19.1266
High today
19.16469
Low today
19.0321
52 Week high
20.98419
52 Week low
18.65089
Trading hours
-12:00
-11:00
-10:00
-09:00
-08:00
-07:00
-06:00
-05:00
-04:00
-03:00
-02:00
-01:00
UTC 00:00
+01:00
+02:00
+03:00
+03:30
+04:00
+04:30
+05:00
+05:30
+05:45
+06:00
+07:00
+08:00
+09:00
+09:30
+10:00
+11:00
+12:00
+12:45
+13:00
+14:00
UTC 00:00
Symbol trading specification
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USDZAR
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-0.12 (-0.67%)  

About EURZAR

Following the great commercial relations between the European Union and South Africa, the EURZAR index is important. South Africa is a major export nation, and its currency's value and fluctuations could be essential to your investment portfolio.

What is EURZAR?

The EURZAR index shows the relationship between the Euro currency and the South African Rand. It's a relatively new index since it was adopted in 2002, after introducing the Euro to the world monetary and forex markets. The European Central Bank and the South African Central Bank regulate the index, which operates with free bids for the two currencies. Everyone who wants to know how to trade EURZAR should pay attention to the relationship between both central banks.

How does the EURZAR market work?

The EURZAR index increases or decreases according to the relative value of the two currencies. When there is a high demand for South African Rands in the market, the index goes down, or otherwise, it will go up.

It works through trading in the forex market on online platforms like SimpleFX. It provides solutions such as a demo account, which enables traders eager to learn how to invest in EURZAR start without risking their real assets.

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