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  1. Sep 30, 2024 · The rand’s recent gains come on the back of several external factors. The global pullback of the US dollar, combined with a slight improvement in local investor sentiment due to South Africa’s political developments, has contributed to the rand hovering around the R18 mark. But let’s not get carried away—this is hardly an indication of ...

  2. Aug 5, 2024 · Using the ‘raw’ direct conversion data, a Big Mac costs R51.90 rand in South Africa (up from R49.90 in 2023) and US$5.69 in the United States (up from US$5.36).

  3. May 23, 2021 · Let us compare the rand and South Africa’s inflation rate with the US dollar and the US inflation rate over the past 30 years. When the US announced their inflation rate of 2.62% year-on-year in March 2021, this meant a difference of only 0.5 percentage points between US and SA inflation.

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  4. Jul 28, 2022 · The reality, however, is that the rand is currently trading around R16.70 to the dollar – begging the question of why it is so undervalued. A currency is considered undervalued when its value in ...

  5. Apr 29, 2024 · According to the Big Mac Index – which tracks PPP in layman’s terms – South Africa’s ‘fair’ value for the rand (taking into account GDP) should be around R11.30 to the dollar. However ...

  6. Apr 21, 2016 · The South African economy is the 33rd biggest in the world, with a gross domestic product of US$350 billion in 2014. But its currency, the South African rand (ZAR), is ranked 18th when the ...

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  8. 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.

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