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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 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 ...
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.
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.
Jan 8, 2024 · Goldman Sachs argues the US dollar may remain stronger for longer because of better-than-expected US economic growth of 2.1% in 2024, coming on top of a 2.4% growth in 2023 – much higher than ...
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Jan 24, 2024 · Luke Fraser. · 24 Jan 2024. The South African rand is expected to end 2024 in a much better place compared to the dollar than where it started – but the sailing is not likely to be smooth ...
