NZD/ZAR Pip Value — Fixed in ZAR
NZD/ZAR pip value is fixed at R10.00 per standard lot for ZAR-denominated accounts. Both New Zealand dollar and South African rand are commodity-linked currencies, making this pair interesting for traders watching commodity cycles.
| 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 NZD |
| 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 |
|---|---|---|---|
| NZD | Reserve Bank of New Zealand (RBNZ) | Official Cash Rate | RBNZ · CPI · dairy 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.
NZD/ZAR — Two Commodity Currencies
New Zealand exports dairy, agriculture and some minerals; South Africa exports gold, platinum and coal. Both currencies weaken during global risk-off events and strengthen when commodity demand is strong. NZD/ZAR is more thinly traded than USD/ZAR or EUR/ZAR — expect wider spreads and lower liquidity, particularly outside London hours.
Values are for educational purposes. Verify specifications with your broker before trading. Full pip value table →
