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  1. 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.

  2. The strongest pullback occurred after the release of cooler US inflation numbers on Thursday, stirring hopes that the US Fed will pivot on its aggressive policy tightening. The trade-weighted rand appreciated by 3.2% during the first two weeks of November, after weakening for five months in a row.

  3. 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.

  4. 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 ...

  5. Mar 22, 2022 · South Africa offered investors looking for some EME exposure the benefit of deep financial markets, cheap market valuations, and relative macroeconomic stability compared to Russia, Ukraine ...

  6. Jan 10, 2022 · Local news is more positive. South Africa’s Monetary Policy Committee (MPC) has been nothing short of brilliant and has ultimately been a solid anchor in the South Africa economy over the past ...

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  8. 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 ...