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- 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.
businesstech.co.za/news/business-opinion/656891/this-is-where-the-rand-could-be-heading-in-2023/This is where the rand could be heading in 2023 – BusinessTech
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Jan 17, 2023 · Rand movement: Strong first quarter, averaging R16.60, moving to R15.90 by Q2, R15.50 by Q3 and R15.00 by Q4. Conditions: Economic growth averages 3.3% over five years, lifting to 5.0% by period...
- Experts predict a strong year for the rand in 2023
Analysis by Investec shows that the rand is likely to...
- Experts predict a strong year for the rand in 2023
Dec 14, 2023 · As 2023 draws to a close, RAND president and CEO Jason Matheny highlights areas where RAND is tackling the most urgent and complex problems we face. Each is a small reminder that where there are thoughtful people working tirelessly to find solutions, there is hope.
Dec 20, 2023 · The rand has long been one of the world’s most volatile currencies and 2023 was no exception. It has seen major swings against all of the world’s biggest currencies, with the general trend...
Jan 20, 2023 · Analysis by Investec shows that the rand is likely to average between R16.20 and R16.90 versus the dollar, with the potential to reach R14.00 in extremely good – yet unlikely – market...
Historically, the USDZAR reached an all time high of 19.92 in June of 2023. The South African Rand is expected to trade at 17.65 by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
Nov 8, 2022 · Will the South African rand strengthen in 2023? The direction of the ZAR against other currencies could depend, among other factors, on US interest rates as well as South Africa’s monetary policy on inflation and interest rates, commodity prices and the country’s account deficits.
Nov 21, 2022 · Old Mutual says the rand could rally “significantly” in the short term and is likely to settle at about R15.20/$ by the end of 2023, thanks to the reduction in SA’s sovereign debt risk and the...