What are currency
reference warrants?

Currency reference warrants are
listed on the JSE Limited and enable
investors to trade currency as an asset
class and thereby take advantage of
either a positive or negative view of the future direction
of the South African Rand against other major currencies. Alternatively investors may use currency reference warrants to protect portfolio returns against adverse movements of the Rand.

Learn more

A currency reference warrant
is a derivative as its value is
derived from an underyling
asset, in this case an exchange
rate. More specifically its value
is based on the change in the Rand price
of one unit of specified foreign currency.

Download a Currency Reference Warrants
brochure or visit our Warrants website.

Training

Attend a free presentation on
currency reference warrants in
your area. See dates and cities of
courses below and register now.

Trade now

Trade currency reference
warrants with South Africa's
largest online broker for a
flat R50* brokerage fee.
The flat fee means you are charged this brokerage rate regardless the size of the trade. (*+ taxes and charges).

Open an account now with Standard Bank
Online Share Trading.