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1. • • 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 R18.23/USD.
     www.moneyweb.co.za/financial-advisor-views/is-the-rand-strengthening-or-the-dollar-weakening/

     Is the rand strengthening or the dollar weakening? - Moneyweb

2. People also ask

   How strong is the Rand against the dollar?

   • 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. The rand has made a slight recovery after being on the backfoot against the dollar on Monday on expectations the Fed might not cut interest rates early next year.

   South African rand recovers against dollar as US inflation data looms

   www.reuters.com/markets/currencies/south-african-rand-recovers-against-dollar-us-inflation-data-looms-2023-12-12/

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   What's going on with the dollar/Rand exchange rate?

   • Dollar/rand exchange rate. Source: Google The rand is finding some stability around stronger levels as political risk of an ANC-EFF coalition nationally is seen to have faded, said Investec's chief economist Annabel Bishop.

   Rand hits best level in months ahead of US inflation test

   www.news24.com/fin24/markets/rand-hits-best-level-in-months-ahead-of-us-inflation-test-20240513

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   Why has the Rand risen so much in South Africa?

   • The rand’s recent gains come on the back of several external factors. 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.

   Why is the Rand strengthening? Are we actually seeing progress?

   www.politicalanalysis.co.za/why-is-the-rand-strengthening-are-we-actually-seeing-progress/

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   Why is the Rand more attractive to global investors?

   • The strengthening of the rand against the dollar can be attributed to a confluence of international monetary policy shifts, domestic political optimism, and improved economic conditions. These factors together create a more favourable environment for the rand, enhancing its attractiveness to global investors. Conclusion and house view

   Is the rand strengthening or the dollar weakening? - Moneyweb

   www.moneyweb.co.za/financial-advisor-views/is-the-rand-strengthening-or-the-dollar-weakening/

   See all results for this question

   Are lower US rates good for the Rand?

   • Lower US rates are positive for the rand and other emerging market currencies, whose yields would look more attractive in comparison. Recent softer-than-expected US labour market data and a Federal Reserve that ruled out further interest rate rises saw traders price in more easing from the Fed this year.

   Rand hits best level in months ahead of US inflation test

   www.news24.com/fin24/markets/rand-hits-best-level-in-months-ahead-of-us-inflation-test-20240513

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   Will a dollar decline benefit the Rand?

   • Experts at Bank of America (BofA) said that the rand will likely benefit from the market’s realisation that the dollar is overvalued. The expected decline in the US dollar should see improved capital flows to emerging markets – benefitting the rand, they said.

   Expect a shift for the rand in 2024 – but with a catch

   businesstech.co.za/news/finance/745107/expect-a-shift-for-the-rand-in-2024-but-with-a-catch/

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3. businesstech.co.za › news › financeThis is the ‘real’ value of the rand right now – and why we ...

   businesstech.co.za › news › finance

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   Aug 5, 2024 · The difference between this and the actual exchange rate, R18.19 at the time The Economist did the study (31 July), suggests the South African rand is 49.9% undervalued – the 5th most...

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5. businesstech.co.za › news › financeThe rand should be worth R15.70 to the dollar – BusinessTech

   businesstech.co.za › news › finance

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   4 days ago · The rand is struggling to break past the R17.00/USD mark, but estimates show that it should be roughly R2 stronger than it is currently. Wealth Investment Strategist Izak Odendaal said the rand ...

6. www.politicalanalysis.co.za › why-is-the-randWhy is the Rand strengthening? Are we actually seeing ...

   www.politicalanalysis.co.za › why-is-the-rand

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   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.

7. www.reuters.com › markets › currenciesSouth African rand recovers against dollar as US inflation ...

   www.reuters.com › markets › currencies

   Dec 12, 2023 · JOHANNESBURG, Dec 12 (Reuters) - The South African rand recovered in early trade on Tuesday against the dollar as global markets braced for consumer inflation data out of the U.S. that could set...

8. www.news24.com › fin24 › marketsRand hits best level in months ahead of US inflation test

   www.news24.com › fin24 › markets

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   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.

9. businesstech.co.za › news › financeExpect a shift for the rand in 2024 – but with a catch ...

   businesstech.co.za › news › finance

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   Jan 24, 2024 · According to the latest fund manager survey from BofA, the rand is expected to end the year at R17.73/$. The rand is currently at R18.83 and hit R19.19 earlier this week. Given the volatility...