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Nov 20, 2023 · According to Bishop, the rand weakened to R18.44/USD on Friday (17 November), rebuffed after temporarily breaching the R18/$ mark on Wednesday and reaching R17.95/$. The R18/$ resistance level ...
Andre Cilliers, currency strategist at TreasuryONE said earlier this week that the rand will remain below the R18 mark this week. “The rand is likely to remain within a R17.40 to R17.70 range in ...
- Vernon Pillay
May 20, 2024 · Staff Writer. · 20 May 2024. The rand has started the week on the front foot, strengthening as South Africa’s election risk premium dissipates – and it may even test a move under R18 to the ...
Sep 23, 2024 · Andre Cilliers, currency strategist at TreasuryONE told Reuters that the rand will be below the R18 mark this week. "The rand is likely to remain within a R17.40 to R17.70 range in the short term ...
- Vernon Pillay
Jun 19, 2024 · On Wednesday, the South African rand broke through the R18 threshold for the first time since July 2023. At 5pm, the rand was trading at R17.98 against the dollar — 0.35% up from the previous day.
Sep 30, 2024 · The rand’s recent gains come on the back of several external factors. 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 ...
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Will the Rand be below the R18 Mark?
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Is the Rand trading between R17 & R18?
Why has the Rand risen so much in South Africa?
Will the Rand hit the R17 Mark?
Jun 19, 2024 · Indeed, after briefly moving a few cents below R18.00 on Wednesday (R17.97-R17.99), the local unit was back to R18.02 within minutes. The last time the rand traded under R18.00/$ was July 2023.