Search results
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 ...
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 ...
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.
Oct 8, 2024 · Investec predicts it will reach R17.60 in the final quarter of 2024, following an average of R18.80 for much of the previous year. Goldman Sachs takes a more optimistic stance, projecting a strengthening rand to R14 against the dollar by 2026, with expectations of reaching R17.50/USD by mid-2024.
May 20, 2024 · 5 min. The rand has perked up of late, defying the prophets of its doom. On Monday, it reached 18.11/dlr, its strongest level in almost 10 months. In April, the currency had slipped to around 19. ...
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.
People also ask
How strong is the Rand against the dollar?
How much should a Rand be worth in 2026?
Why is the Rand more attractive to global investors?
Why has the Rand risen so much in South Africa?
What's behind the local currency's recent strength?
Why is the Rand so strong?
May 11, 2023 · As of 11 May 2023, this risk aversion has led to the rand declining by 11.82% since the start of the year, with the rand trading at R19.24/$, R21.98/€, and R24,07/£.
