ZAR/UGX
Market Open
15 Jun, 11:19
USh
231. 90
+3.778283
+1.6562%
USh
1 Volume
USh 228.125209
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ZARUGX Overview
ZARUGX is the exchange rate that expresses the value of the South African Rand against the Ugandan Shilling. It shows how many UGX are needed to purchase one ZAR and is used to compare purchasing power and settle cross-border transactions between the two currencies.
The South African Rand (ZAR) is the official currency of South Africa and is widely used across parts of southern Africa. It is issued and regulated by the South African Reserve Bank, with its value influenced by domestic economic performance, commodity exports and the bank’s monetary policy decisions.
The Ugandan Shilling (UGX) serves as the legal tender of Uganda in East Africa and is managed by the Bank of Uganda. The shilling’s strength reflects local macroeconomic conditions, inflation, fiscal policy and Uganda’s trade dynamics, particularly in agriculture and services.
ZARUGX is determined by market supply and demand and is sensitive to interest-rate differentials, inflation expectations and central bank actions. Commodity price swings, capital flows, geopolitical developments and relative growth prospects in the two economies also drive rate movements.
Traders, corporates and investors monitor ZARUGX for trade settlement, remittances, hedging and speculative exposure to African emerging-market currencies, using the pair to manage currency risk and capture arbitrage opportunities.
The South African Rand (ZAR) is the official currency of South Africa and is widely used across parts of southern Africa. It is issued and regulated by the South African Reserve Bank, with its value influenced by domestic economic performance, commodity exports and the bank’s monetary policy decisions.
The Ugandan Shilling (UGX) serves as the legal tender of Uganda in East Africa and is managed by the Bank of Uganda. The shilling’s strength reflects local macroeconomic conditions, inflation, fiscal policy and Uganda’s trade dynamics, particularly in agriculture and services.
ZARUGX is determined by market supply and demand and is sensitive to interest-rate differentials, inflation expectations and central bank actions. Commodity price swings, capital flows, geopolitical developments and relative growth prospects in the two economies also drive rate movements.
Traders, corporates and investors monitor ZARUGX for trade settlement, remittances, hedging and speculative exposure to African emerging-market currencies, using the pair to manage currency risk and capture arbitrage opportunities.
ZARUGX Chart
ZARUGX FAQ
What is the current ZAR/UGX price?
The current rate is USh231.903492, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the ZAR/UGX rate changed today?
The rate has changed by +3.778283 (+1.6562%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was USh228.125209, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is ZAR/UGX moving up or down?
Movements in ZAR/UGX are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (+1.6562%) is based on the difference between the current rate and the previous closing rate.
Is ZAR/UGX trending up or down right now?
If the current rate (USh231.903492) is above the previous close (USh228.125209), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for ZAR/UGX directly on this page.
