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Inflation. Inflation is expected to come down in 2022 as the South African Reserve Bank hikes policy rates – and from an inflation differential perspective, the rand is scoped to strengthen. “If you look at our Purchasing Power Parity model, it’s saying the rand is fairly valued at around USD14,50,” says Keenan.
For that reason, I think there may still be positive trends in emerging currencies like the rand and the real, despite the recent reversal we have seen, specifically in the rand’s value.” In South Africa, the currency enjoyed a period of strength in early 2022 based on high commodity prices and a different view of risk-on and risk-off.
Jan 8, 2022 · Getty Images. The rand is so far in 2022 the strongest emerging market currency, according to TreasuryONE. A recent rand rally has been surprising, given that the US Federal Reserve indicated that it may hike interest rates faster than previously expected. The rand has found support in expectations that the Reserve Bank will also hike rates ...
Mar 22, 2022 · The rand is on a positive run – here’s where it could be heading in the next few months ... South Africa offered deep financial markets, cheap valuations, sound monetary policy, and at least ...
Aug 30, 2024 · The rand climbed to a 13-month high on Friday, riding a wave of optimism about South Africa’s economy and also buoyed by expectations of imminent Federal Reserve interest-rate cuts. The South African currency advanced as much as 0.8% on Friday to 17.6069 per dollar, the strongest level since July 2023 and bringing its gain this year to 4.3%, the most in emerging markets after Malaysia’s ...
Jul 13, 2022 · Booysen noted that the rand strengthened against the dollar during the first quarter of 2022, starting the year north of R15.57/dollar and reaching R14.40 at the end of March, before reversing and ...
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Jan 3, 2022 · JOHANNESBURG, Jan 3 (Reuters) - The South African rand strengthened on Monday, the first trading day of 2022, as an upbeat mood lifted assets globally. At 1602 GMT, the rand traded at 15.8875 ...
