Thinking of trading AUD/ZAR?
- 1. The Australian economy is heavily dependent on the trade in and out with China. One third of their exports go to China, so whenever the Chinese economy shows fragility, the AUD may fall in relation to other pairs, including the Canadian dollar. Subsequently, a strong Chinese economy will support the AUD. This information on external factors also help to analyse the pair's direction. 2. South Africa is rich in sectors that mainly comprise mining, fishing and agriculture. Its historically strong industry has been the mining of diamonds and gold, making South Africa one of the leading processing nations in the world. Due to the potential of this industries, trading USD/ZAR can be a great asset to add to your portfolio.
Trading CFDs involves significant risk of loss
How would you like to trade AUD/ZAR?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade AUD/ZAR with Fondex. Our CFD trading platform is engineered to provide you with optimal execution speed while allowing you to access 3 different trading methods on the same interface.
1. The Foreign Exchange Operations section of the Financial Markets Department at the South African Reserve Bank is in charge of executing the country's foreign exchange policy. Its functions include monitoring the developments that occur in international and local markets, accumulating foreign exchange reserves, and conducting money market swaps in forex for liquidity management of the rand. 2. Because of the countries' floating exchange rate system, the AUD/ZAR exchange rate will be determined by supply and demand for these currencies within the foreign exchange market. 3. South Africa has an abundance of natural resources and mineral deposits, so the exchange rate of the South African rand is influenced by developments within global commodities markets, as is the AUD. As commodity currencies, both the AUD and ZAR can be affected by slowing in major commodity consuming nations such as China and the U.S.
Risk Disclaimer Fondex provides this content/feature as no more than information. In particular, no advice is intended to be provided or to be relied on as provided nor endorsed by Fondex, nor any solicitation or incentive provided to subscribe for or sell or purchase any financial instrument or to join and/or terminate any of the trading strategies. The Investor is solely responsible for the choice of the signal provider, choice of trading strategy, the choice whether to sell or purchase any financial instrument on his/her trading account and monitoring of the trading activities. All trading or investments you make must be pursuant to your own unprompted and informed self-directed position. Please keep in mind that past performance is no guarantee of future results.
For more information, please view the 'Risk Disclosure'