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.

The rand experienced a tremendous pullback during the trading rounds of last week.

We have excluded the Russian Ruble from the analysis in our rand report due to the extreme volatility associated with the currency.

We have excluded the Russian Ruble from the analysis in our rand report due to the extreme volatility associated with the currency.

We have excluded the Russian Ruble from the analysis in our rand report due to the extreme volatility associated with the currency.

We have excluded the Russian Ruble from the analysis in our rand report due to the extreme volatility associated with the currency.

The rand remained well supported in the markets last week, despite the rising potential for European warfare.

This week, the rand was on the back foot again as hawkish monetary policy returns to major markets and loadshedding is reintroduced.

The recent economic data coming out of South Africa signalled continued signs of positive economic activity, with November’s retail sales growth reported at 3.3% (year-on-year).

Last week saw the rand strengthen by 1.5% against the greenback and by 0.7% against the Pound.

Positive data from China usually means an increase in demand for emerging market assets and an improved risk sentiment.

The rand strengthened this past week after experiencing significant headwinds the week before.

The Rand has depreciated drastically over the past week, with movements to the downside against 17 of the top 20 currencies.

The rand lost hold of its previous gains in the forex market last week, with no notable data catalyst poised to give the markets much direction.

Another round of high inflation numbers has sparked concerns over the persistence in the recent upward price pressure.

Strong Q2 GDP data published has helped to buoy the rand, but concerns over Q3 growth present potential headwinds for the rand.

The rand sustained one of its most severe weekly losses for the year so far, caught in a perfect storm of both local and global developments.

The Rand is a plucky little thing, and ZAR has raced to its best performance against the US Dollar in years – but what is behind this exchange rate ‘surge’?

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.

The Rand to Dollar exchange rate has been strongly impacted by developments from the US Election – and ZAR has made major gains on the American currency.