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1. 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 ...

   • The rand could hit R20.50 to the dollar in 2024 – here’s how ...

     Dollar-exposed portfolios also benefitted from the rand...

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

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

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   Oct 8, 2024 · Despite facing substantial challenges in recent years, the outlook for the rand in 2024 is uncertain, with mixed signals indicating both caution and potential for improvement. While historical trends advise prudence, there are factors suggesting a possible recovery, including potential enhancements in South Africa’s energy and logistics sectors, along with the prospect of a weaker US dollar.

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4. 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 · Dollar-exposed portfolios also benefitted from the rand slipping by 8% last year.” 2024 returns. Ackerman warned that investors need to adjust their outlook to have a more cautious approach, and ...

5. dailyinvestor.com › finance › 63730Where the rand is going for the rest of 2024 – Daily Investor

   dailyinvestor.com › finance › 63730

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   Sep 19, 2024 · Shaun Jacobs • 19 September 2024. The rand is expected to perform well for the remainder of the year, with estimates for the end of the year ranging from R17.80 to R18.30 to the US dollar. This is feedback from currency expert and director at Citadel Global Bianca Botes, who outlined in a recent note what is behind the rand’s strength,

6. www.moneyweb.co.za › financial-advisor-views › isIs the rand strengthening or the dollar weakening? - Moneyweb

   www.moneyweb.co.za › financial-advisor-views › is

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   May 22, 2024 · The weakening of the US dollar against the rand and other global currencies in 2024 can be partially attributed to a combination of domestic monetary policy shifts, global economic improvements ...

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

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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.

8. People also ask

   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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   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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   Is the Rand a good currency to buy in 2024?

   • “The rand remains one of only five emerging market (EM) currencies out of a total of 23 that has been trading stronger against the dollar in the year to date,” Botes said. Citadel’s relatively strong rand-to-dollar exchange rate range forecasts for the end of 2024 depend on certain variables and assumptions.

   Where the rand is going for the rest of 2024 – Daily Investor

   dailyinvestor.com/finance/63730/where-the-rand-is-going-for-the-rest-of-2024/

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   Will the Rand be volatile in 2024?

   • The rand is expected to experience significant volatility towards the end of 2024, but will end the year in a stronger position than it started.

   Where the rand is going for the rest of 2024 – Daily Investor

   dailyinvestor.com/finance/63730/where-the-rand-is-going-for-the-rest-of-2024/

   See all results for this question

   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 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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9. 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.