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Apr 29, 2024 · Staff Writer. · 29 Apr 2024. The rand continues to struggle through volatile global markets – sitting far from its ‘fair’ purchasing price parity (PPP) value of around R15.00 to the dollar ...
23 hours ago · "The focus is actually on what the government is going to do next in terms of the size of the fiscal stimulus." The offshore yuan was last at 7.1190, leaving the dollar down 0.24% on the day. The Australian dollar , often used as a more liquid proxy for the yuan, was up 0.26% at $0.6713.
May 15, 2023 · The BER added that another reason for a weaker rand is that some key South African export commodities have seen their prices decrease, with little prospect of them turning around any time soon ...
May 22, 2024 · As of May 16, 2024, the rand has made incremental gains, reaching R18.23/USD. This increase is partly due to a reduced risk premium in South Africa’s currency and bond yields as the likelihood ...
May 31, 2023 · Renier de Bruyn. The rand has weakened severely over the past two years, losing more than 40% of its value against the US dollar since June 2021 – earlier this week, our beleaguered currency plunged to a new record low. Historically, the rand has always managed to recover from points of extreme pessimism, but with so much risk currently ...
- Renier de Bruyn
Jun 19, 2024 · Staff Writer. · 19 Jun 2024. The South African rand hit its strongest level in almost a year, trading at R18 to the dollar on Wednesday (19 June), with the country is moving towards an official ...
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Mar 14, 2023 · So why has the rand struggled to muster some strength? The easy answer is that the currency’s value has been undercut by South Africa’s deteriorating economic conditions.
