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.
When the rand is sitting at around R18/$, buying a classic car and shipping it home is not an issue.
(Partner Content) The rand showed some recovery over the past week at the back of hitting a historical low of R19.34 against the Dollar on Monday 6 April.
(Partner Content) Until Friday last week, Moody’s was the last rating agency to rate South Africa as investment grade, but they have since made the decision to cut South Africa’s sovereign debt rating to junk status. Moody’s stated that the downgrade is due to the deterioration in South Africa’s fiscal strength and weak growth.
Not a happy Budget eve for the finance minister as domestic and global fears hit SA markets and our currency.
This sounds “Mint”: Any one of us could be responsible for the design going on the new R2 coin. Here’s how you can immortalise your own work.