| Instrument class | Exotic pair |
|---|---|
| One pip | 0.0001 |
| Standard lot | 100,000 CAD |
| Value of one pip per lot | 10 ZAR — converting… |
| 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.
| Currency | Central bank | Policy rate | What moves it |
|---|---|---|---|
| CAD | Bank of Canada (BoC) | Target for the overnight rate | BoC · CPI · oil prices |
| ZAR | South African Reserve Bank (SARB) | Repurchase rate | MPC · CPI · commodity exports |
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.
CAD/ZAR Pip Value — Fixed in ZAR
CAD/ZAR pip value is fixed at R10.00 per standard lot. Canada is a major oil exporter — the Canadian dollar correlates strongly with crude oil prices. South Africa's rand correlates with gold and platinum. When oil and gold move together (common in risk-on environments), the pair is relatively stable; when they diverge, CAD/ZAR produces clear directional moves.
| 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 |
Values are for educational purposes. Verify specifications with your broker before trading. Full pip value table →
