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In South Africa, the currency enjoyed a period of strength in early 2022 based on high commodity prices and a different view of risk-on and risk-off. However, events in April showed just how vulnerable the rand remains to both internal and external shocks. “The onset of increased load-shedding and the flooding disaster in KwaZulu-Natal, as ...
D VOLATILITY. IT MATTER?1 Introduction The South African rand has been relatively volatile as the currency has flexibly responded to do. estic and external disturbances. Domestic shocks have been relatively large in recent years, elevating rand volatility to above the VIX (US stock price volatility, a commonly used in. icator of global risk ...
May 31, 2023 · South Africa’s greylisting by the Financial Action Task Force in February, and the public relations fallout resulting from our perceived association with Russia, are also self-inflicted wounds. Historically, the rand has always managed to recover from points of extreme pessimism.
- Renier de Bruyn
Aug 5, 2024 · Using the ‘raw’ direct conversion data, a Big Mac costs R51.90 rand in South Africa (up from R49.90 in 2023) and US$5.69 in the United States (up from US$5.36).
Jun 6, 2016 · Although South Africa is vulnerable in some areas, the results of our analysis on the rand suggest that this is by no means the picture of a country – or currency – that is in the business of ...
Mar 12, 2023 · One reason the rand is so vulnerable at the moment was revealed on Thursday by the South African Reserve Bank (SARB) in its quarterly breakdown of the balance of payments. The data showed that SA ...
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Apr 17, 2023 · South Africa’s rand is traded in large volumes globally and is seen as a proxy for emerging market investment. It makes the currency highly exposed to external shocks and, thus, highly volatile. According to the IMF, the rand is one of the most volatile currencies globally compared to advanced economies and emerging market peers.
