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1. www.politicalanalysis.co.za › why-is-the-randWhy is the Rand strengthening? Are we actually seeing ...

   www.politicalanalysis.co.za › why-is-the-rand

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   Sep 30, 2024 · 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 strong economic fundamentals. Inflation is still a looming issue, and ...

2. businesstech.co.za › news › financeRand hits under R18 to the dollar – BusinessTech

   businesstech.co.za › news › finance

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   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 ...

3. www.iol.co.za › business › adviceThe rand hits a 20-month high against the US dollar

   www.iol.co.za › business › advice

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   The rand is having one of the best weeks in recent memory and continued to extend its rally on Thursday morning against the dollar and other global currencies. According to Reuters analysts, t he ...

   • Author: Vernon Pillay

4. 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 · 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 ...

5. www.reuters.com › world › africaSouth African rand strengthens further after strong week of ...

   www.reuters.com › world › africa

   Jun 9, 2023 · JOHANNESBURG, June 9 (Reuters) - South Africa's rand strengthened further on Friday after a strong week of gains boosted by encouraging economic data at home. At 1508 GMT, the rand traded at 18. ...

6. businesstech.co.za › news › financeRand is on a winning run - BusinessTech

   businesstech.co.za › news › finance

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   Aug 16, 2024 · Bloomberg. · 16 Aug 2024. South Africa’s rand is on a winning run not seen in 13 years. The ninth consecutive day of gains in the currency, often seen as a bellwether for the outlook of ...

7. People also ask

   Why has the Rand risen so much in South Africa?

   • 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.

   Why is the Rand strengthening? Are we actually seeing progress?

   www.politicalanalysis.co.za/why-is-the-rand-strengthening-are-we-actually-seeing-progress/

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   How strong is the Rand?

   • The rand was trading around R19.16 to the euro and R22.95 to the pound. The strength the rand has shown over the last few weeks has yet to be seen since February 2023 and could be attributed to interest rate cuts by the South African Reserve Bank (SARB) and US Federal Reserve last week. Will this continued rally continue?

   The rand hits a 20-month high against the US dollar

   www.iol.co.za/business/advice/the-rand-hits-a-20-month-high-against-the-us-dollar-63207fbb-b889-4e02-8825-e7dca65c451a

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   Why was South Africa's Rand trading at its strongest level in a month?

   • REUTERS/Siphiwe Sibeko/File Photo Purchase Licensing Rights JOHANNESBURG, March 8 (Reuters) - South Africa's rand was trading at its strongest level in over a month on Friday, after a week of gains supported by surging gold prices. At 1505 GMT, the rand traded at 18.70 against the U.S. dollar , not far from its previous close.

   South African rand set to end week on stronger note | Reuters

   www.reuters.com/world/africa/south-african-rand-set-end-week-stronger-note-2024-03-08/

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   What boosted South Africa's Rand?

   • REUTERS/Mike Hutchings/Illustration/File photo Purchase Licensing Rights JOHANNESBURG, June 9 (Reuters) - South Africa's rand strengthened further on Friday after a strong week of gains boosted by encouraging economic data at home. At 1508 GMT, the rand traded at 18.7000 to the dollar, around 0.72% stronger than its previous close.

   South African rand strengthens further after strong week of gains

   www.reuters.com/world/africa/south-african-rand-little-changed-after-strong-week-gains-2023-06-09/

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   Why is the Rand still positive in South Africa?

   • Cilliers argued that this continued positive sentiment toward the rand has been generated by investor sentiment in the formation and continued success of the Government of National Unity (GNU). There have also been calls by President Cyril Ramaphosa for more foreign investment in South Africa.

   The rand hits a 20-month high against the US dollar

   www.iol.co.za/business/advice/the-rand-hits-a-20-month-high-against-the-us-dollar-63207fbb-b889-4e02-8825-e7dca65c451a

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   What happened to South Africa's Rand?

   • 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 Government of National Unity and only a few more steps remain.

   Rand hits under R18 to the dollar – BusinessTech

   businesstech.co.za/news/finance/777682/rand-hits-r18-to-the-dollar/

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8. www.reuters.com › world › africaSouth African rand set to end week on stronger note | Reuters

   www.reuters.com › world › africa

   Mar 8, 2024 · South Africa's rand was trading at its strongest level in over a month on Friday, after a week of gains supported by surging gold prices. ... "The rand has enjoyed a stellar week so far ...