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1. businesstech.co.za › news › financeThis is the ‘real’ value of the rand right now – and why we ...

   businesstech.co.za › news › finance

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   Aug 5, 2024 · In the group’s GDP-adjusted index, South Africa’s currency is still severely undervalued but has shifted up to 9th most undervalued (from 6th most undervalued in January).

   • Economists on why the rand is so undervalued right now

     The latest update to The Economist’s Big Mac Index shows...

   • The ‘real’ value of the rand in 2024 – according to the Big ...

     The latest Big Mac Index shows that South Africa’s rand has...

2. businesstech.co.za › news › financeEconomists on why the rand is so undervalued right now

   businesstech.co.za › news › finance

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   Jul 28, 2022 · The latest update to The Economist’s Big Mac Index shows that South Africa’s currency is one of the most undervalued globally. The index uses the prolific McDonald’s Big Mac burger to ...

3. businesstech.co.za › news › financeThe ‘real’ value of the rand in 2024 – according to the Big ...

   businesstech.co.za › news › finance

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   Jan 30, 2024 · The latest Big Mac Index shows that South Africa’s rand has lost significant value at the start of 2024. ... when the rand was the fifth most undervalued currency at the time.

4. www.reuters.com › world › africaSouth African rand on back foot ahead of rate decision, data

   www.reuters.com › world › africa

   Jan 22, 2024 · South Africa's rand weakened against the dollar on Monday, as traders prepare for an eventful week where inflation data and the central bank's first rate decision of the year are on the agenda.

5. www.reuters.com › world › africaSouth African rand firms but outlook remains bleak | Reuters

   www.reuters.com › world › africa

   Feb 12, 2024 · JOHANNESBURG, Feb 12 (Reuters) - South Africa's rand was slightly stronger on Monday but remained close to the 19.0 mark, with no positive domestic news in sight to lift it, analysts said. At 1515 ...

6. wired24.co.za › 2022/07/28 › economists-on-why-theEconomists on why the rand is so undervalued right now

   wired24.co.za › 2022/07/28 › economists-on-why-the

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   Jul 28, 2022 · The latest update to The Economist’s Big Mac Index shows that South Africa’s currency is one of the most undervalued globally. The index uses the prolific McDonald’s Big Mac burger to demonstrate purchasing power parity – the notion that, in the long run, exchange rates should move towards the rate that would equalise the prices of an identical basket of goods and services.

7. People also ask

   Is South Africa's currency undervalued?

   • In the group’s GDP-adjusted index, South Africa’s currency is still severely undervalued but has shifted up to 9th most undervalued (from 6th most undervalued in January). In PPP terms, a Big Mac costs 49.9% less in South Africa (US$2.85) than in the United States (US$5.69) at market exchange rates.

   This is the ‘real’ value of the rand right now - BusinessTech

   businesstech.co.za/news/finance/785531/this-is-the-real-value-of-the-rand-right-now-and-why-were-way-off/

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   Is the South African rand undervalued?

   • Using this direct comparison in pricing, the implied exchange rate of the rand is R9.12. The difference between this and the actual exchange rate, R18.19 at the time The Economist did the study (31 July), suggests the South African rand is 49.9% undervalued – the 5th most under-valued currency in the analysis.

   This is the ‘real’ value of the rand right now - BusinessTech

   businesstech.co.za/news/finance/785531/this-is-the-real-value-of-the-rand-right-now-and-why-were-way-off/

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   Why was South Africa's rand weakened against the dollar?

   • REUTERS/Mike Hutchings/Illustration/File Photo Purchase Licensing Rights JOHANNESBURG, Jan 22 (Reuters) - South Africa's rand weakened against the dollar on Monday, as traders prepare for an eventful week where inflation data and the central bank's first rate decision of the year are on the agenda.

   South African rand on back foot ahead of rate decision, data

   www.reuters.com/world/africa/south-african-rand-backfoot-ahead-rate-decision-data-2024-01-22/

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   Is the Rand still undervalued in 2024?

   • The Economist has updated its Big Mac Index for 2024, showing that the rand is still severely undervalued against the US dollar – and has lost even more value at the start of the year compared to 2023. The Big Mac Index is an initiative created by The Economist that aims to measure whether currencies are priced at their “correct” level.

   The ‘real’ value of the rand in 2024 – according to the Big Mac Index

   businesstech.co.za/news/finance/746357/the-real-value-of-the-rand-in-2024-according-to-the-big-mac-index/

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   What happened to the South African Dollar Index?

   • The dollar index was last up about 0.23% at 104.220. South African markets shrugged off President Cyril Ramaphosa's State of the Nation Address last week, in which he gave little detail about his plans to address major challenges such as power cuts.

   South African rand firms but outlook remains bleak | Reuters

   www.reuters.com/world/africa/south-african-rand-firms-early-trade-2024-02-12/

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   When is a currency considered undervalued?

   • A currency is considered undervalued when its value in foreign exchange is less than it should be based on economic conditions. However, currency value isn’t determined objectively and may be undervalued due to a lack of demand, even if a country’s economy is strong.

   Economists on why the rand is so undervalued right now

   businesstech.co.za/news/finance/611402/economists-on-why-the-rand-is-so-undervalued-right-now/

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

   www.investec.com › en_za › focus

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   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. Volatility is likely to persist for the domestic currency, as it remains influenced by US data releases ...