US Dollar / South African Rand vs US Dollar / Canadian Dollar

US Dollar / South African Rand (USD/ZAR) and US Dollar / Canadian Dollar (USD/CAD) compared side by side. Over the past 90 days, USD/ZAR is ahead by 2.9 percentage points (USD/ZAR +1.4% against USD/CAD -1.6%). Their daily returns move loosely together (correlation 0.41 across 284 shared trading days). USD/ZAR has been the more volatile of the two, at 14% annualised against USD/CAD's 5%.

Correlation: 0.41
Ahead over 90 days: USD/ZAR

US Dollar / South African RandUSD/ZAR

$16.6379

24h: -0.00%
Market cap: —
Volume 24h: —
Volatility (ann.): 14%

US Dollar / Canadian DollarUSD/CAD

$1.3975

24h: +0.01%
Market cap: —
Volume 24h: —
Volatility (ann.): 5%

Performance

USD/ZARUSD/CAD

7 days+0.73%-0.14%USD/ZAR
30 days+2.72%-0.59%USD/ZAR
90 days+1.38%-1.56%USD/ZAR

Correlation

0.41over 284 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 0.331y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	USD/ZAR	USD/CAD
Max drawdown (400d)	-10.2%	-4.4%
Risk-adjusted return (90d)	0.12	-0.32

Relative strength over 90 days: USD/ZAR outperformed USD/CAD by 3.0% — measured on the USD/ZAR/USD/CAD ratio, so it holds regardless of market direction.

US Dollar / South African Rand →US Dollar / Canadian Dollar →