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1. www.reuters.com › world › africaSouth African rand firms to 10-month high a week before election

   www.reuters.com › world › africa

   May 21, 2024 · At 1601 GMT, the rand traded at 18.0750 against the dollar , 0.62% stronger than its previous close. It earlier firmed to 18.0300, a level not seen since August last year.

2. www.dailymaverick.co.za › article › 2024/05/20-randElection jitters shelved: Rand soars to 10-month high against ...

   www.dailymaverick.co.za › article › 2024/05/20-rand

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   May 20, 2024 · 5 min. The rand has perked up of late, defying the prophets of its doom. On Monday, it reached 18.11/dlr, its strongest level in almost 10 months. In April, the currency had slipped to around 19. ...

3. 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 ...

4. www.businesslive.co.za › bd › marketsRand touches best level in almost two weeks after cabinet ...

   www.businesslive.co.za › bd › markets

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   Jul 1, 2024 · At 9.50am, the rand had strengthened 0.69% to R18.0282/$, 0.4% to R19.4122/€ and 0.83% to R23.0047/£. The euro was 0.4% firmer at $1.0755. ... Globally, markets were relieved after the May ...

5. www.dailymaverick.co.za › article › 2024/04/22Loaded for Bear: The rand is set for a turbulent elections ride

   www.dailymaverick.co.za › article › 2024/04/22

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   Apr 22, 2024 · 22 Apr 2024 2. The rand/dollar exchange rate is influenced by a range of factors. But for the next few weeks, South Africa’s general elections on 29 May and the result that follows will be the ...

6. www.news24.com › fin24 › marketsRand hits best level in months ahead of US inflation test

   www.news24.com › fin24 › markets

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   May 13, 2024 · On Monday, the rand dipped below R18.35/$ – its strongest level since mid-January amid renewed optimism that US rates may be cut, along with subsiding election fears and commodity price strength. By lunchtime, the local currency was trading at around R18.36, from R19.32 almost a month ago. Dollar/rand exchange rate.

7. People also ask

   What happened to South Africa's Rand?

   • For more financial news, go to the News24 Business front page. The rand weakened to its worst level in three years and yields on local-currency bonds rose as concerns over South Africa’s continuing energy shortage and deteriorating economic outlook intensify among investors.

   Why the rand is bleeding - and could now hit R19/$ - News24

   www.news24.com/fin24/markets/currencies/why-the-rand-is-bleeding-and-could-now-hit-r19-20230510

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   Why did the South African rand rise 10 months before a general election?

   • Our Standards: The Thomson Reuters Trust Principles. The South African rand strengthened to a 10-month high on Tuesday, a week before a general election, with analysts citing rising expectations that the outcome of the vote was unlikely to disrupt markets.

   South African rand firms to 10-month high a week before election

   www.reuters.com/world/africa/south-african-rand-firms-10-month-high-week-before-election-2024-05-21/

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   What will happen to the Rand in the run-up to the election?

   • That leaves the rand in the run-up to the election largely at the mercy of global economic and political winds — which will likely mean a period of high volatility — with the election’s outcome determining its levels for the next few months.

   Loaded for Bear: The rand is set for a turbulent elections ride

   www.dailymaverick.co.za/article/2024-04-22-loaded-for-bear-rand-set-for-turbulent-ride-until-elections-and-their-aftermath/

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   Why did the Rand get a boost in South Africa?

   • Treurnicht said the rand also received support from stronger commodity prices. "A few commodities have increased over the last few weeks, especially copper, providing the rand and other commodity-based currencies a boost. "Platinum and coal also seemed to have bottomed, and they are especially important in South Africa," said Treurnicht.

   Rand hits best level in months ahead of US inflation test

   www.news24.com/fin24/markets/rand-hits-best-level-in-months-ahead-of-us-inflation-test-20240513

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   How strong was the Rand at 1601 GMT?

   • At 1601 GMT, the rand traded at 18.0750 against the dollar , 0.62% stronger than its previous close. It earlier firmed to 18.0300, a level not seen since August last year. The dollar index was last trading around 0.05% stronger against a basket of global currencies.

   South African rand firms to 10-month high a week before election

   www.reuters.com/world/africa/south-african-rand-firms-10-month-high-week-before-election-2024-05-21/

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   Why is the Rand resurgence a big deal?

   • The rand’s resurgence also stems from other factors. Eskom’s suspension of rolling blackouts for over 50 days and counting has also clearly lifted market sentiment. The power shortages have for years been seen as the biggest constraint to economic growth, industrialisation and job creation.

   Election jitters shelved: Rand soars to 10-month high against dollar

   www.dailymaverick.co.za/article/2024-05-20-rand-brushes-off-costly-election-jitters-to-soar-to-10-month-high-against-dollar/

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8. www.news24.com › fin24 › marketsWhy the rand is bleeding - and could now hit R19/$ - News24

   www.news24.com › fin24 › markets

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   May 10, 2023 · The rand weakened to its worst level in three years and yields on local-currency bonds rose as concerns over South Africa’s continuing energy shortage and deteriorating economic outlook intensify among investors. The currency of South Africa’s weakened as much as 1.1% on Wednesday to R18.8368 per dollar, the biggest loss among major ...