GBPZAR - British Pound / South African Rand
Trading Conditions
* Only if Margin Level > 100%
The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The GBP/ZAR currency combination is a minor pair, yet it still has a sizeable global following. The relationship between the pair is heavily influenced by the correlation of two major global economies: the United Kingdom and South Africa. The pair behavior is often erratic, as the financial statuses of the two economies are influenced by many divergent factors. Despite being volatile and hard to predict, GBP/ZAR could be a very useful tool in the experienced trader portfolio.
The Republic of South Africa is the most developed state in all of Africa. A unique culture based on Zulu, Dutch and English traditions gives the country a unique local flavor. The wealth of coal, ore, gold, diamonds and other valuable resources brings the country impressive incomes, making the Rand rate very dependent on the world gold and raw materials prices, which must be taken into account when drawing up the chart analysis.
If you are interested in trading the GBP/ZAR currency pair, contact FxPro today and open trading account in several minutes.