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 |
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 →
