Highlights
- Avg. Volume (1M)
- 176K
- Avg. Volume Value (1M)
- ZAR 2.88M
Share Price Chart
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Performance
ZAR=X Performance Chart
USD/ZAR (ZAR=X) is up 1.4% since the beginning of the year. ZAR=X is currently trading at ZAR 17 per share. Investors who bought ZAR 1,000 worth of ZAR=X shares 5 years ago would now be looking at an investment worth ZAR 1,140.
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Returns By Period
USD/ZAR (ZAR=X) has returned 1.42% so far this year and -5.36% over the past 12 months. Over the last ten years, ZAR=X has returned 1.91% per year, falling short of the S&P 500 Index benchmark, which averaged 15.22% annually.
USD/ZAR
- 1D
- 0.41%
- 1M
- 2.15%
- 6M
- 4.86%
- YTD
- 1.42%
- 1Y
- -5.36%
- 3Y*
- -1.56%
- 5Y*
- 2.66%
- 10Y*
- 1.91%
- ALL TIME*
- 4.62%
Benchmark (S&P 500 Index)
- 1D
- -0.07%
- 1M
- 2.97%
- 6M
- 11.85%
- YTD
- 9.83%
- 1Y
- 9.83%
- 3Y*
- 15.56%
- 5Y*
- 13.94%
- 10Y*
- 15.22%
- ALL TIME*
- 13.93%
ZAR=X Monthly Returns History
Based on dividend-adjusted daily data since Sep 14, 2007, ZAR=X's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.
Historically, 52% of months were positive and 48% were negative. The best month was Oct 2008 with a return of +17.7%, while the worst month was Apr 2009 at -11.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 8 months.
On a daily basis, ZAR=X closed higher 49% of trading days. The best single day was Oct 15, 2008 with a return of +10.0%, while the worst single day was Oct 28, 2008 at -6.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.76% | -1.08% | 6.20% | -1.44% | -2.69% | 0.98% | 2.51% | 1.42% | |||||
| 2025 | -1.29% | 0.07% | -1.94% | 1.57% | -3.22% | -1.69% | 3.00% | -3.11% | -2.23% | 0.43% | -1.21% | -3.25% | -12.34% |
| 2024 | 2.15% | 2.72% | -1.75% | -0.42% | -0.16% | -3.46% | 0.41% | -2.04% | -3.12% | 1.90% | 2.70% | 4.68% | 3.29% |
| 2023 | 2.51% | 5.50% | -3.19% | 2.81% | 7.96% | -4.63% | -5.38% | 6.01% | 0.26% | -1.44% | 1.11% | -3.00% | 7.72% |
| 2022 | -3.57% | -0.02% | -4.91% | 8.22% | -1.29% | 4.22% | 1.94% | 3.21% | 5.62% | 1.47% | -6.09% | -1.45% | 6.53% |
| 2021 | 2.99% | -0.17% | -2.25% | -1.97% | -5.08% | 3.86% | 2.24% | -0.50% | 3.71% | 1.10% | 4.33% | 0.37% | 8.47% |
Benchmark Metrics
USD/ZAR has an annualized alpha of 0.64%, beta of 0.32, and R2 of 0.13 versus S&P 500 Index. Calculated based on daily prices since September 14, 2007.
- This currency participated in 49.87% of S&P 500 Index downside but only 33.09% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.32 may look defensive, but with R2 of 0.13 this currency is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this currency's risk.
- R2 of 0.13 means this currency moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.64%
- Beta
- 0.32
- R²
- 0.13
- Upside Capture
- 33.09%
- Downside Capture
- 49.87%
Return for Risk
Risk / Return Rank
ZAR=X ranks 35 for risk / return — below 35% of currencies on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for USD/ZAR (ZAR=X) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZAR=X | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.17 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 1.20 | -1.52 |
| Martin ratioReturn relative to average drawdown | -0.52 | 2.76 | -3.28 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the USD/ZAR. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the USD/ZAR was 43.37%, occurring on Apr 29, 2011. Recovery took 944 trading sessions.
The current USD/ZAR drawdown is 15.17%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-43.37%Apr 2011 | 2y 6mo | 3y 7mo | 6y 1moOct 2008 - Dec 2014 | — |
-31.48%Feb 2018 | 2y 1mo | 2y 24d | 4y 2moJan 2016 - Mar 2020 | — |
-29.70%Jun 2021 | 1y 1mo | 1y 11mo | 3y 17dApr 2020 - May 2023 | — |
-20.53%Jan 2026 | 2y 8mo | — | 3y 2moMay 2023 - now | — |
-11.78%Aug 2008 | 4mo 13d | 1mo 10d | 5mo 23dMar 2008 - Sep 2008 | Financial crisis2007–2009 |
Drawdown Indicators
| ZAR=X | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.37% | -35.99% | -7.38% |
Max Drawdown (1Y)Largest decline over 1 year | -13.61% | -8.26% | -5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -20.35% | -15.04% | -5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -20.53% | -23.43% | +2.90% |
Max Drawdown (10Y)Largest decline over 10 years | -29.70% | -23.43% | -6.27% |
Current DrawdownCurrent decline from peak | -15.17% | -0.07% | -15.10% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -7.75% | -8.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 3.58% | +1.93% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with ZAR=X
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