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 |
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.
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.
Values are educational only. Verify pip sizes and contract specifications with your broker before trading. See full pip value table →
