Just look at this exchange rate: The plucky South African Rand is now trading at pre-pandemic levels against the US Dollar – and the best is yet to come.
After reaching an all-time low last month, the dollar to rand exchange rate now looks better for South Africa. Here are the factors behind the recovery.
The rand is trapped in it’s own ‘horror movie within a horror movie’. ZAR is in freefall against the dollar, as our exchange rate sets another all-time low.
Things will only get worse before they get better, and it’s a mantra the rand swears by. Our exchange rate to the dollar on Monday is a horror-show.
In unprecedented times, it is inevitable that we see records tumble: The biggest one of the lot for the dollar to rand exchange rate almost went on Monday.
Forecasting the performance of our market and the rand is crystal ball stuff right now.
It’s all going spectacularly wrong for the rand value, and ZAR’s exchange rate against the US dollar has plunged to depths not yet seen in the 21st century.
(Partner Content) The market has been walking on eggshells since the beginning of 2020, starting off with the US drone strike in Iraq, followed by the outbreak of the coronavirus in China. When big news headlines pop up, the market moves drastically, be it up or down.
(Partner content) The Rand is back to its volatile self ahead of the South African Reserve Bank’s interest rate decision on Thursday.
Throughout all these major global events, the Rand swung back and forth, being one of the first currencies to react.
The SA currency has shown its bouncebackability this week, following a horror show at the end of October. But what’s steering the rand value to safety?
The Mid-term budget speech has proved to be catastrophic for the rand value, and the exchange rate against the US dollar. Things aren’t looking good.
It’s never easy viewing, but the Rand to Dollar exchange rate doesn’t look great for South Africa. Here’s why ZAR has hit its worst slump for a year.
Monetary policy actions will focus on anchoring inflation expectations near the mid-point of the inflation target range in the interest of balanced growth.
Local exporters benefit from a weak rand.
The rand’s decline has been exacerbated by the impact of the NHI proposals. But how has the worst exchange rate in a year hurt local industries?
We’ve got good news about the Rand: It’s performing well against the US Dollar, and looks to be on a course to recovery. But what’s put a spring in ZAR’s step?
This is not a drill: The petrol price forecast for July has arrived, and a substantial drop is on the cards for South Africa’s long-suffering motorists.
Another day, another war within the ANC. This time, Tito Mboweni and Ace Magashule are going at it, after the latter’s comments sent the Rand tumbling.
The ANC may have lost a few voters from 2014, but they are heading for a majority in Parliament and it’s been positive news for the value of the Rand.
Using prediction programs to hedge your investment bets.
Tips for South Africans to stretch those rands.
Analysts warn that if the government gains executive control of monetary policy, the impact on the economy could be disastrous.
South Africa’s best credit rating comes from Moody’s. But when the agency say there’s been “an erosion of fiscal strength”, talk of junk status soon follows.
The volatile rand went on an adventure during Wednesday afternoon’s budget speech in Parliament, but ultimately, things are looking up.