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  1. May 22, 2024 · The rand has recently shown remarkable strength against the US dollar, influenced by both international and domestic factors. As of May 16, 2024, the rand has made incremental gains, reaching R18 ...

  2. Oct 8, 2024 · Goldman Sachs suggests the US dollar may remain stronger for longer due to better-than-expected US economic growth. This could reduce demand for emerging market currencies, including the rand. Volatility leading up to the elections could also impact the rand, possibly revisiting the R19/USD level seen in 2023.

  3. Dec 12, 2023 · At 0635 GMT, the rand traded at 19.0025 against the dollar , about 0.4% stronger than its previous close. The dollar last traded around 0.18% weaker against a basket of global currencies.

  4. Sep 30, 2024 · The global pullback of the US dollar, combined with a slight improvement in local investor sentiment due to South Africa’s political developments, has contributed to the rand hovering around the R18 mark. But let’s not get carried away—this is hardly an indication of strong economic fundamentals. Inflation is still a looming issue, and ...

  5. Aug 5, 2024 · This is a slightly stronger position than at the start of the year, where the rand was 52.5% undervalued, and the 4th most undervalued in the basket of currencies The Economist looked at.

  6. South African Rand - data, forecasts, historical chart - was last updated on October 15 of 2024. The USDZAR increased 0.0434 or 0.25% to 17.5969 on Tuesday October 15 from 17.5535 in the previous trading session. The South African Rand is expected to trade at 17.65 by the end of this quarter, according to Trading Economics global macro models ...

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  8. May 13, 2024 · On Monday, the rand dipped below R18.35/$ – its strongest level since mid-January amid renewed optimism that US rates may be cut, along with subsiding election fears and commodity price strength. By lunchtime, the local currency was trading at around R18.36, from R19.32 almost a month ago. Dollar/rand exchange rate.

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