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1. www.news24.com › fin24 › finweekWhy the rand is strengthening | Business - News24

   www.news24.com › fin24 › finweek

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   May 23, 2021 · Just over 12 months ago (23 April 2020) we saw the rand trading at over R19 against the US dollar for the first time in history. About a year later, it now trades closer to R14 for a dollar, and some are saying that the period of strengthening may be behind us. The proverbial rand strength “shark” might have left our waters.

   • Author: Schalk Louw

2. www.businesslive.co.za › bd › marketsThis is why investors are backing the soaring rand - BusinessLIVE

   www.businesslive.co.za › bd › markets

   May 11, 2021 · 11 May 2021 - 17:22. by Colleen Goko and Vassilis Karamanis. The rand’s 30% gain against the dollar since the height of the pandemic has outstripped emerging-market peers — and the rally may ...

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4. tradingeconomics.com › south-africa › currencySouth African Rand Quote - Chart - Historical Data - News

   tradingeconomics.com › south-africa › currency

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   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 ...

5. businesstech.co.za › news › financeThis is what’s influencing the rand right now – BusinessTech

   businesstech.co.za › news › finance

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   Oct 5, 2020 · By 18 September, the rand had clawed back over 15% of its value to reach R16.13/dollar, Botes said. “But this was still some way off the R13.99/dollar level at which the rand kicked off the year.

6. businesstech.co.za › news › financeRand hits two-year high against the dollar as it continues ...

   businesstech.co.za › news › finance

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   Jun 3, 2021 · Staff Writer. · 3 Jun 2021. The South African rand rallied to its highest level in more than two years against the dollar on Wednesday, as the local currency continued its strong run on the back ...

7. www.biznews.com › sponsored › 2021/05/11Rand strengthens: What’s next? In-depth insights from ...

   www.biznews.com › sponsored › 2021/05/11

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   May 11, 2021 · In the longer-term, the rand seems to be in the final stages of the ABC correction of an Elliot Wave Cycle that started in 2011 and was completed in early 2020. The dollar may weaken toward the 11.50 handle, according to the pattern. Encouraging options. Demand for dollar topside exposure took a hit as key resistance around 14.50 held.

8. People also ask

   Will a Rand rally help a weakening currency?

   • “All-in-all, while the rand will find bursts of strength from any dollar weakness, the local unit’s underlying trend points to a weakening currency in the long term. We would suggest making use of any rand rally to fill up on foreign currency requirements,” Botes said. Short-term forecast

   This is what’s influencing the rand right now - BusinessTech

   businesstech.co.za/news/finance/438097/this-is-whats-influencing-the-rand-right-now/

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   Why did the South African rand rally to its highest level?

   • The South African rand rallied to its highest level in more than two years against the dollar on Wednesday, as the local currency continued its strong run on the back of a sustained rebound in global economies and positive US Treasury data.

   Rand hits two-year high against the dollar as it continues strong run

   businesstech.co.za/news/finance/495721/rand-hits-two-year-high-against-the-dollar-as-it-continues-strong-run/

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   Will the Rand weaken at the end of 2021?

   • Interest rate parity is like gravity in forex markets, so the rand faces at least 75c of weakening due to this factor alone, placing the equivalent fair value for end 2021 around R17.25, said Herman. He said that the probability of the rand between R16.50 and R18.00 at the end of 2021 is 50%.

   This is what’s influencing the rand right now - BusinessTech

   businesstech.co.za/news/finance/438097/this-is-whats-influencing-the-rand-right-now/

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   Will global risk-on sentiment support the Rand in 2021?

   • Phases of global risk-on sentiment will support the rand and a test of sub-16.00 is highly likely. “If, however, the rand is considered fair value around R16.50 by the end of 2020, it makes it difficult to see a meaningful and sustained rally beyond R15.50 during the year.” He said that the probability of sub-R16.00 by end of 2021 is 10%.

   This is what’s influencing the rand right now - BusinessTech

   businesstech.co.za/news/finance/438097/this-is-whats-influencing-the-rand-right-now/

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   What happened to the Rand?

   • After its rapid decline to that level, it spent the next six months in a ‘generally strengthening’ trend, although experiencing set-backs along the way. By 18 September, the rand had clawed back over 15% of its value to reach R16.13/dollar, Botes said. “But this was still some way off the R13.99/dollar level at which the rand kicked off the year.

   This is what’s influencing the rand right now - BusinessTech

   businesstech.co.za/news/finance/438097/this-is-whats-influencing-the-rand-right-now/

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   Why has the Rand risen in South Africa?

   • “With the local economy remaining weak and facing power cuts, the rand’s recent rally has been mainly on the back of global factors, including higher commodity prices which benefit resource-rich South Africa and expectations US lending rates will stay lower for longer,” Reuters reported.

   Rand hits two-year high against the dollar as it continues strong run

   businesstech.co.za/news/finance/495721/rand-hits-two-year-high-against-the-dollar-as-it-continues-strong-run/

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9. www.reuters.com › world › africaSouth African rand hits new high as manufacturing outperforms

   www.reuters.com › world › africa

   May 11, 2021 · At 1555 GMT, the rand was at 13.9825 against the dollar, 0.25% stronger than its previous close. The rand moved below 14 to the dollar for the first time since early January 2020 on Monday and ...