South African Rand Futures (USD pairs) | B3

South African Rand Futures (USD pairs)

  • The South African Rand Futures Contract per U.S. Dollar may serve to protect or speculate on the currency price at a future date, as well as to investors who, for example, have receivables in South African Rand, or exposure to liabilities payments in the currency at future dates and even to trade on the currency trend in the future and thus make a profit. Through it the USDZAR parity is traded directly, in other words, expectations on the Brazilian Real do not interfere in this contract.

  • UnderlyingThe exchange rate of South African Rand (ZAR) per U.S. Dollar (USD).
    TickerAFS
    Contract sizeUSD 10,000.00
    QuotationZAR per USD 1,000.00, to one decimal place
    Tick sizeZAR 1.00 per USD 1,000.00.
    Round-lot1 contract
    Last trading dayLast trading day preceding the expiration date.
    Expiration date1st business day of the contract month.
    Contract monthsAll months.
    Settlement on expirationCash settlement.
    • Protects the investor against price swings (hedging).
    • Enables position leverage.
    • Price transparency in electronic platform trades.