Watch news in a minute for a summary of South African Rand Exchange rate against world’s major five currencies. Story.
South Africa’s rand plummeted to its weakest ever level on record – R19.74 to the dollar – following Thursday’s rate hike announcement.
The rand took a hit, losing more than 30c of its value against the dollar after the US accused South Africa of arming Russia.
South African farmers are preparing to grow winter wheat, canola, and barley as the preparation of land for winter crops starts in April.
The rand strengthened against 17 of the top 19 currencies. This can be attributed to the currency being oversold in previous weeks.
The rand lost ground against all major currencies, as the severity of local power cuts continues to intensify
The dollar was cautiously firm against a basket of currencies on Monday, as traders looked ahead to a slew of central bank meetings this week.
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The rand strengthened by more than 2% against the dollar after Cyril Ramaphosa secured a second term as ANC president.
The South African GDP growth rate came in at 1.6% in Q3, exceeding the anticipated reading of 0.6%. This comes after the 0.7% contraction in GDP during Q2.
The South African Q3 unemployment rate was released last week. Unemployment came in at 32.9%, down from the 33.9% reading in the previous quarter.
Last week, the rand had a relatively uneventful trading week and the market was left without a definitive direction.
The South African rand had a mixed week, strengthening against nine of the top 19 currencies Sable International monitors.
Last week, the rand had a phenomenal week, with the currency strengthening against all but one of the currencies we monitor.
Last week, the rand had a mixed performance, which saw it strengthening against 12 of the 19 currencies we monitor.
The South African Rand had a mixed week in the forex markets. A shift towards “risk-on” investment has provided the Rand with some buoyancy.
The Rand is taking a battering on the global stage, and it’s recent display against the US Dollar has been pitiful – so what’s gone wrong?
The South African rand had a tough round in the forex markets last week. Most emerging-market currencies ended the week in the red.
The rand had a mixed performance last week. The temporary slowdown of loadshedding, allowed it to marginally recover from its recent lows.
Last week, the South African rand had a mixed week as it strengthened against 13 of the top 19 currencies we monitor.
The South African rand had another dismal week as it continues to weaken against most of the major currencies we monitor.
The rand experienced some significant fluctuation last week, as the market flipped back-and-forth on global sentiment.
Last week, the South African rand had a tough trading week as it weakened against 17 of the 19 currencies we monitor.
Last week, the South African rand initially weakened but ended in the green and strengthened against 16 of the 19 currencies we monitor.
The South African rand had a terrible week last week, and lost value against all the currencies we monitor.