This report provides the real-time exchange rate between the South African Rand (ZAR) and the Mexican Peso (MXN), helping traders quickly grasp market dynamics and identify potential trading opportunities.
Definition
The South African Rand (ZAR) is the official currency of South Africa, while the Mexican Peso (MXN) is the primary fiat currency of Mexico. The exchange rate between them reflects market sentiment toward both emerging market currencies and the relative economic conditions of their respective regions.
Today’s Price
1 ZAR = 1.07 MXN
24h High: 1.0809 MXN
24h Low: 1.0734 MXN
Market Analysis
The ZAR/MXN pair is currently trading at 1.0792, showing modest intraday volatility within a narrow range of approximately 75 basis points.
Technical levels: Key support near 1.0734 MXN, resistance at 1.0809 MXN
Risk note: Emerging market currency pairs remain sensitive to broader risk sentiment and external economic shocks
Trading opportunities: Monitor price action around the 1.0750–1.0800 MXN zone for potential range-bound trading strategies
Conclusion
Continue to monitor the ZAR/MXN pair closely, incorporating technical support and resistance levels into your trading approach to identify optimal entry and exit points.
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Today's ZAR to MXN Price Update
Summary
This report provides the real-time exchange rate between the South African Rand (ZAR) and the Mexican Peso (MXN), helping traders quickly grasp market dynamics and identify potential trading opportunities.
Definition
The South African Rand (ZAR) is the official currency of South Africa, while the Mexican Peso (MXN) is the primary fiat currency of Mexico. The exchange rate between them reflects market sentiment toward both emerging market currencies and the relative economic conditions of their respective regions.
Today’s Price
Market Analysis
The ZAR/MXN pair is currently trading at 1.0792, showing modest intraday volatility within a narrow range of approximately 75 basis points.
Conclusion
Continue to monitor the ZAR/MXN pair closely, incorporating technical support and resistance levels into your trading approach to identify optimal entry and exit points.