In the graph below, we map the Rand against the US dollar (Black), Pound (Orange), Australian Dollar (Blue) and Euro (Red) over the past 12 months. The Rand has strengthened recently with interest rates nudging higher.

According to the models produced by Trading Economics, the Rand is expected to trade at R14.58 to the US dollar by the end of the quarter suggesting that we could see some weakness going into the end of the year.