The South African rand has been spiraling lately, recording all-time lows against major currencies. More in this weekly rand report
The rand hit a new record low against the dollar on Thursday, 1 June amid concerns about South Africa’s relationship with Russia.
The rand hit a new record low against the dollar on Tuesday, 30 May morning amid concerns about South Africa’s relationship with Russia.
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The South African rand remains under pressure, courtesy of local economic concern. Its recent weakness can be due to the power supply crisis.
BREAKING NEWS, the rand broke through the R19/$ level on Thursday for the first time since April 2020. Here is the latest.
The rand plunged to a three-year low on Wednesday, 10 May as fears grew over worsening load shedding during the upcoming winter.
Last week, the absence of significant South African data left the rand without a definitive local catalyst. More in the following report
The South African rand also only experienced small price changes. The USD/ZAR pair moved 0.10% higher, ending the week at R18.10
The South African rand strengthened against 18 of the top 19 currencies we monitor. The strong performance was not unexpected.
Since the beginning of the year, the South African rand has shed considerable value against its major counterparts.
The rand lost ground against all major currencies, as the severity of local power cuts continues to intensify
The South African rand is taking an absolute hammering in markets as a combination of global and local and issues weigh the currency down.
Dour earnings season and concerns about a potential recession have investors selling as the Dollar nears eight-month low ahead of central bank meetings.
The rand had a relatively poor performance last week, which can be partially attributed to local uncertainty in the banking sector.
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 rand had a mixed week, strengthening against nine of the top 19 currencies Sable International monitors.
Last week, the rand had a mixed performance, which saw it strengthening against 12 of the 19 currencies we monitor.
The rand weakened past R18 per dollar for the first time since May 2020 – and is the third-worst performer for September to date.
The rand weakened past R18 per dollar for the first time since May 2020, as President Cyril Ramaphosa offered a grim warning.
The South African rand strengthened this week, gaining ground against 14 of the top 19 currencies that we monitor.
Last week, the rand performed incredibly well due to the South African interest rates which increased unexpectedly.
Last week, the USD/ZAR pair moved 1.19% higher. The rand opened at R16.87, tested R17.30 and closed at R17.06 on Friday.
The emerging-market rand encountered some recent headwinds, amid heightened market volatility and continued US Dollar strength.
The rand took another hit last week, weakening against 16 of the top 19 currency pairs.