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1. www.iol.co.za › business › adviceFrom a R17.06 high last week, volatile South African rand ...

   www.iol.co.za › business › advice

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   Oct 9, 2024 · The rand was trading at around R19.32 to the euro and around R23.05 to the pound. This is the rand’s weakest level in three weeks and has lost almost 1.5% over the past week when compared to the ...

   • The rand reaches new heights and is trading below R17.40 ...

     Last week, the ZAR broke through the R17.60 mark against the...

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

     According to Reuters analysts, t he ZAR has strengthened to...

2. www.iol.co.za › business › adviceThe rand reaches new heights and is trading below R17.40 ...

   www.iol.co.za › business › advice

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   Sep 23, 2024 · Last week, the ZAR broke through the R17.60 mark against the dollar to reach its best levels since July 2023. To place this into context, the rand was trading at around R19.30 in February 2024.

   • Author: Vernon Pillay

3. businesstech.co.za › news › financeRand close to breaking R17 to the dollar – but needs a bigger ...

   businesstech.co.za › news › finance

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   Sep 30, 2024 · The rand reached R17.03/$ on Friday but has been unable to break the R17.00/$ dollar threshold. “The rand is beginning to unwind its depreciation experienced under the US interest rate hike ...

4. www.news24.com › fin24 › economyRand hits best level in 14 months as markets bet on giant US ...

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   Sep 17, 2024 · For more financial news, go to the News24 Business front page. The rand briefly broke through R17.60/$ to reach its best levels since July 2023 amid dollar weakness on Tuesday morning. By midday, the local currency was trading at R17.6067/$, after reaching R17.5990 earlier in the morning. The rand traded above R19.30 in February this year.

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6. www.africaninsider.com › business › rand-rallies-toRand rallies to 20-month high against US dollar

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   Cape Town — The rand has strengthened significantly in recent weeks, reaching a 20-month high against the dollar, trading between R17.12 and R17.19, and also gaining against the euro and pound. This surge is attributed to interest rate cuts by the South African Reserve Bank and the US Federal Reserve. As reported by IOL, analysts believe the ...

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

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   According to Reuters analysts, t he ZAR has strengthened to a 20-month high against the dollar and was trading at around R17.19 against the dollar at 7:50am. The rand was trading around R19.16 to ...

8. People also ask

   Why is the Rand trading below R17?

   • The rand has had a good start to the week and is trading below R17.40 against the dollar on the heels of the interest rate cut by the South African Reserve Bank. File Picture: Karen Sandison / Independent Newspapers

   The rand reaches new heights and is trading below R17.40 against ... - IOL

   www.iol.co.za/business/advice/the-rand-reaches-new-heights-and-is-trading-below-r1740-against-the-dollar-ae83c60e-0461-4c7a-932b-5b49741540be

   See all results for this question

   Will the Rand break the R17/$ mark in South Africa?

   • The rand has strengthened in South Africa, but it is unlikely to break the R17/$ mark without any significant push. The rand strengthened quickly over the last couple of weeks after the US Federal Reserve cut interest rates by 50 basis points.

   Rand close to breaking R17 to the dollar – but needs a bigger push

   businesstech.co.za/news/finance/792968/rand-close-to-breaking-r17-to-the-dollar-but-needs-a-bigger-push/

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   Will the Rand hit the R17 Mark?

   • Kavir Surujhlal, a sales trader at IG Group told Reuters on Wednesday that the rand’s strength may continue and hit the R17 mark. "The momentum is likely to continue in favour of our local currency with there being little resistance until the R17/$ psychological level," Surujhlal added.

   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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   Will the Rand remain below the R18 mark this week?

   • Andre Cilliers, currency strategist at TreasuryONE said earlier this week that the rand will remain below the R18 mark this week. “The rand is likely to remain within a R17.40 to R17.70 range in the short term as it tracks international moves but we could see further profit-taking, given the rand's recent strong run,” Cilliers noted.

   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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9. www.news24.com › fin24 › marketsRand takes hit after Powell pushes back on aggressive easing ...

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   Oct 1, 2024 · The US dollar firmed against its major peers on Tuesday after Federal Reserve Chair Jerome Powell pushed back against bets on more supersized interest rate cuts. By late morning, the rand was trading at R17.28/$, after hitting R17.33 - close to its weakest level in a week - earlier in the session. The currency has still gained 9% over the past ...