The Rand’s strength was fueled by rising gold prices, a weaker US Dollar, and slight improvements in the South African economy.

This week, the South African Rand sharply declined against major currencies due to negative market reactions following the national budget.

The South African Rand depreciated more against a majority of currencies, including those from both emerging and developed nations.

The South African Rand has fluctuated around 3% since last Tuesday, currently resting at R18.85 against the US Dollar.

The Rand ended December 2023 on a relatively positive note, concluding at R18.28 against the US Dollar and R23.29 against the British Pound.

The rand continues its woeful performance against almost all traded currencies and has continued to be a standout underperformer.

Watch news in a minute for a summary of South African rand changed little as U.S. Dollar sags in the stock market exchange Story.

Could Mzansi soon have a R500 note and a R10 coin? The South African Reserve Bank discusses this option following a new study.

October has been characterised by a rough and rocky road for the rand. Here’s the breakdown of the good, bad and the ugly from the last month.

Amidst an economic recession, high unemployment, political uncertainty and credit rating downgrades; the Rand to continued its recent counterintuitive behaviour by producing surprising strength early last week.

The spotlight is on Greece this week as it heads for debt default and a possible exit from the Eurozone.

The Rand strengthened against the Dollar early on Friday as the South African Reserve Bank signalled a rate hike in the coming months.

The Rand performed poorly among the commodity currencies

The Rand heads for drop despite increasing against the dollar last week

Rand performance received mixed reactions last week, especially performing against the US Dollar

The Rand depreciated against the US Dollar yesterday, closing at USD-ZAR 11.21, compared with Wednesday’s close of USD-ZAR 11.13.

The GBP rallied against major currencies as investors took early results as showing Scottish voters had rejected independence from UK. Initial reports suggest that Scotland has voted 55% in favour of staying in the union and 45% backing independence.

The Rand depreciated against the US Dollar on Friday for the fifth consecutive day, closing at USD-ZAR 11.02, compared with Thursday’s close of USD-ZAR 10.97, on the back of a continued risk-off bias in global financial markets.

The Rand weakened against the US Dollar yesterday, closing at USD-ZAR 10.65, compared with Wednesday’s close of USD-ZAR 10.61.

The Rand weakened against the Dollar on Thursday, closing at USD-ZAR 10.77, compared with Wednesday’s close of USD-ZAR 10.70.

The Rand weakened against the Dollar on Thursday, closing at USD-ZAR 10.77, compared with Wednesday’s close of USD-ZAR 10.70.

The last week of July saw the Rand weakening against all major currencies. Global political turmoil, coupled with the strong economic performance from the large economies worldwide put the Rand on the back foot, with institutional investors pulling funds from emerging markets.

The value of the rand continues to decline against the strong pound and US dollar, marking its lowest point for five years this week.

The South African Rand was the top gainer this week among emerging-market currencies, as it caught up with gains seen in other asset classes earlier in the week. The Rand started the week at 9.98 to the US Dollar and 15.08 to the British pound, coming to rest at 9.86 and 15.06 respectively.