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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 › financeThis is the ‘real’ value of the rand right now – and why we ...

   businesstech.co.za › news › finance

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   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).

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4. businesstech.co.za › news › financeThe rand is on a positive run – here’s where it could be ...

   businesstech.co.za › news › finance

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   Mar 22, 2022 · The rand is on a positive run – here’s where it could be heading in the next few months ... South Africa offered deep financial markets, cheap valuations, sound monetary policy, and at least ...

5. businesstech.co.za › news › financeThe rand is undervalued – this is where it should be, and why ...

   businesstech.co.za › news › finance

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   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. www.news24.com › fin24 › archiveWhy the rand is strengthening | Business - News24

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   May 23, 2021 · And then, too, we saw how the rand strengthened from levels of around R10 per dollar to below R6. Interest rate differences. To start off, I would first like to mention that interest rates, inflation and exchange rates go hand in hand. It’s important to note that when one country’s interest rate is higher than another country’s interest ...

   • Author: Schalk Louw

7. www.news24.com › fin24 › economyRand rallies to 13-month high on optimism about SA economy

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   Aug 30, 2024 · The rand climbed to a 13-month high on Friday, riding a wave of optimism about South Africa’s economy and also buoyed by expectations of imminent Federal Reserve interest-rate cuts. The South African currency advanced as much as 0.8% on Friday to 17.6069 per dollar, the strongest level since July 2023 and bringing its gain this year to 4.3%, the most in emerging markets after Malaysia’s ...

8. People also ask

   What's happening with South Africa's Rand?

   • For more financial news, go to the News24 Business front page. The rand climbed to a 13-month high on Friday, riding a wave of optimism about South Africa’s economy and also buoyed by expectations of imminent Federal Reserve interest-rate cuts.

   Rand rallies to 13-month high on optimism about SA economy

   www.news24.com/fin24/economy/rand-rallies-to-13-month-high-on-optimism-about-sa-economy-20240830

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   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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   Why is South Africa's Rand hovering around R18?

   • 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.

   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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   What factors affect the value of a Rand in South Africa?

   • Other factors are also taken into account, including investors’ appetite for risk and a plethora of local and global conditions that play into a particular market’s stability. In South Africa’s case, as an emerging market that is considered high risk, the value of the rand is driven by the whims of the global economy.

   This is the ‘real’ value of the rand right now - BusinessTech

   businesstech.co.za/news/finance/785531/this-is-the-real-value-of-the-rand-right-now-and-why-were-way-off/

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   What is South Africa's 'fair' value for the Rand?

   • On a PPP basis, the rand should be about R15.00 to the dollar, she said—a position last seen in 2022. 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.

   The rand is undervalued – this is where it should be, and why it’s

   businesstech.co.za/news/finance/769964/the-rand-is-undervalued-this-is-where-it-should-be-and-why-its-nowhere-close/

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   Is the South African rand undervalued?

   • Using this direct comparison in pricing, the implied exchange rate of the rand is R9.12. The difference between this and the actual exchange rate, R18.19 at the time The Economist did the study (31 July), suggests the South African rand is 49.9% undervalued – the 5th most under-valued currency in the analysis.

   This is the ‘real’ value of the rand right now - BusinessTech

   businesstech.co.za/news/finance/785531/this-is-the-real-value-of-the-rand-right-now-and-why-were-way-off/

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9. cib.absa.africa › home › insights-and-eventsWhat’s Driving the Rand’s Value in 2022? | Insights | Absa CIB

   cib.absa.africa › home › insights-and-events

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   For that reason, I think there may still be positive trends in emerging currencies like the rand and the real, despite the recent reversal we have seen, specifically in the rand’s value.” In South Africa, the currency enjoyed a period of strength in early 2022 based on high commodity prices and a different view of risk-on and risk-off.