Convert EUR to ZAR - Euro to South African rand Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE EUR/ZAR EXCHANGE RATE
In the forex market, the EUR/ZAR symbol denotes the currency pairing of the Euro against the South African rand - an exciting pair that offers plenty of volatility and opportunities that experienced forex traders can leverage to earn profits. The Euro is the second most popularly traded currency worldwide and is the official currency in use across 17 of the 27 member nations of the European Union. With high levels of liquidity, it is also considered one of the most stable currencies to invest in, owing to the strength of the Eurozone economy.The South African rand, on the other hand, is one of the most popularly traded emerging market currencies in the global forex market. The ZAR experiences high volatility on the back of geopolitical or economic uncertainty globally, and traders tend to avoid trading this currency during a risk-off sentiment. The value of the ZAR is also closely correlated with that of gold prices, as gold is a key export out of South Africa. As a result, a strengthening in gold prices tends to have a positive effect on the South African economy and currency, and drives the EUR/ZAR forex pair to trade bearish, and vice versa.
EUR to ZAR CONVERSION RATES
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ZAR
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EUR to ZAR CHARTS
EUR/ZAR Live Chart
EUR/ZAR Historical Chart
EUR to ZAR EXCHANGE RATE - FAQ
What economic events impact the exchange rate of EUR/ZAR?

The exchange rate of the EUR/ZAR currency pair experiences fluctuations on the release of important economic data from the Eurozone and South Africa, including GDP, employment rate, inflation, business confidence, trade balance, retail sales, PPI and PMI readings for manufacturing and services sectors.

What is a good time to trade EUR/ZAR?

The EUR/ZAR forex pair experiences the maximum volatility when markets in Europe and South Africa are open for trading, making it the best time to enter into trades. Consider trading this pair between 07:00 GMT and 16:00 GMT.

What was the highest value of EUR/ZAR in 2020?

EUR/ZAR strengthened to a high of 20.9342 on 10 August 2020. This was the highest level this currency pair touched during 2020.