AUD/ZAR Pip Value — Fixed in ZAR
AUD/ZAR pip value is fixed at R10.00 per standard lot — ZAR is the quote currency. Position sizing is straightforward: the same formula as USD/ZAR, EUR/ZAR and GBP/ZAR.
| Lot Size | Pip value (ZAR) | 50-pip move |
|---|---|---|
| 0.01 | R0.10 | R5.00 |
| 0.10 | R1.00 | R50.00 |
| 1.00 | R10.00 | R500.00 |
| Instrument class | Exotic pair |
|---|---|
| One pip | 0.0001 |
| Standard lot | 100,000 AUD |
| Value of one pip per lot | 10 ZAR — converting… |
| Typical spread | 30 pips — · FxPro verified |
| Notional value of one lot | — |
| Margin on one lot at 1:30 / 1:100 / 1:500 | — |
The last two rows move with the market and are filled in from the live rate; everything above them is fixed by the contract. Leverage available to you depends on your regulator and account type — check it in the platform before you size a position.
AUD/ZAR — Two Commodity Currencies
Both AUD and ZAR are commodity-linked currencies — Australia exports iron ore, coal and LNG while South Africa exports gold, platinum and coal. The pair tends to be relatively stable (both currencies move together against the USD in risk-off events) but diverges sharply on commodity-specific news. When gold rises significantly but iron ore falls, ZAR outperforms AUD and the pair sells off.
| Currency | Central bank | Policy rate | What moves it |
|---|---|---|---|
| AUD | Reserve Bank of Australia (RBA) | Cash rate target | RBA · CPI · China data |
| ZAR | South African Reserve Bank (SARB) | Repurchase rate | MPC · CPI · commodity exports |
Best Trading Hours
AUD/ZAR is most active during the Sydney/Tokyo overlap (02:00–09:00 SAST) for Australian data, and the London session (09:00–18:00 SAST) for ZAR liquidity. Spreads are widest between 18:00 and 02:00 SAST. The pair is less traded than USD/ZAR or EUR/ZAR — expect wider spreads at all times.
Spreads are tightest when two sessions are open at once and widest when one desk has gone home and the next has not arrived. The shaded band is the overlap.
Values are educational only. Verify pip sizes and contract specifications with your broker before trading. See full pip value table →
