covering the US Dollar (USD) to South African Rand (ZAR) conversion. Converting US Dollar (USD) to South African Rand (ZAR) in 2012 with the best, worst and average exchange rates of the year ...
The USD/ZAR exchange rate has also dropped because of the recent Federal Reserve decision. In a meeting, the bank decided to slash interest rates by 0.50%, higher than some analysts expected.
The USD/ZAR exchange rate rose to a high of 18.35 ... It has moved above the 50-day and 25-day Exponential Moving Averages. Most importantly, it has showed signs of forming a double-top chart ...