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1. www.arcadiafinance.co.za › economy › rand-strengthCould 2024 Be the Year the Rand Regains its Strength?

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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.

2. businesstech.co.za › news › financeThe rand could hit R20.50 to the dollar in 2024 – here’s how ...

   businesstech.co.za › news › finance

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   Jan 10, 2024 · It may even go north of R20.50/$ if the global risk-off environment gains traction during the first half of 2024,” Ackerman said. “For the rand to strengthen, South Africa needs to correct key ...

3. businesstech.co.za › news › financeExpect a shift for the rand in 2024 – but with a catch ...

   businesstech.co.za › news › finance

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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 ...

4. businesstech.co.za › news › business-opinionThis is where the rand could be heading in 2023 – BusinessTech

   businesstech.co.za › news › business-opinion

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   Jan 17, 2023 · Investec highlighted five key scenarios for South Africa in 2023, the most likely being its baseline scenario with a 48% chance of occurring. Extreme upside. Rand movement: Strong first quarter ...

5. www.news24.com › fin24 › economyRand rallies to 13-month high on optimism about SA economy

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   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 ...

6. www.investec.com › en_za › focusRand Note | Rand Forecast and Analysis - Investec

   www.investec.com › en_za › focus

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   R17.00/USD is a major resistance level and will be challenging for the rand to sustainably break through. The rand is highly volatile, reflective of investor sentiment, with foreigners showing changing levels of interest in SA’s portfolio assets week to week, while the rand has moved to R17.75/USD last week, before slipping below R17.30/USD.

7. People also ask

   Will the South African rand end in 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. Experts at Bank of America (BofA) said that the rand will likely benefit from the market’s realisation that the dollar is overvalued.

   Expect a shift for the rand in 2024 – but with a catch

   businesstech.co.za/news/finance/745107/expect-a-shift-for-the-rand-in-2024-but-with-a-catch/

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   Will the Rand strengthen further in 2023?

   • Barring any black swan events and other market shocks, the rand has the potential to strengthen further in 2023, and could see a period of relative stability, says Investec.

   This is where the rand could be heading in 2023 – BusinessTech

   businesstech.co.za/news/business-opinion/656891/this-is-where-the-rand-could-be-heading-in-2023/

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   What is Investec's forecast for a Rand in 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.

   Could 2024 Be the Year the Rand Regains its Strength?

   www.arcadiafinance.co.za/economy/rand-strength/

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   How much should a Rand be worth in 2026?

   • 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. The principal economic analyst at The Efficient Group asserts that the rand should be valued between R15 and R16 against the US dollar, based on its purchasing power parity (PPP).

   Could 2024 Be the Year the Rand Regains its Strength?

   www.arcadiafinance.co.za/economy/rand-strength/

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   What is the outlook for the Rand in 2024?

   • Growth prospects remain subdued, with the economy expected to expand by only 0.7% to 1.5% annually over the next two years. Forecasts for the rand in 2024 vary. Nedbank anticipates it to be at R18.21 against the USD, slightly better than its current rate.

   Could 2024 Be the Year the Rand Regains its Strength?

   www.arcadiafinance.co.za/economy/rand-strength/

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   How much will the Rand fluctuate in 2024?

   • “ Our medium-term view for the rand is that it will fluctuate between R18.50/$ and R20.50/$ with a lot of volatility. It may even go north of R20.50/$ if the global risk-off environment gains traction during the first half of 2024, ” Ackerman said.

   The rand could hit R20.50 to the dollar in 2024 - BusinessTech

   businesstech.co.za/news/finance/741445/the-rand-could-hit-r20-50-to-the-dollar-in-2024-heres-how-south-africans-can-benefit/

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8. www.moneyweb.co.za › news › economyCould 2024 be the year the rand recovers some glory?

   www.moneyweb.co.za › news › economy

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   Jan 8, 2024 · In 2024, there is a high probability that the rand will remain stable around 18.5 against $ or appreciate to levels between 17/18 against $. Depreciation in 2025 is an outlier position.