The South African Rand has been particularly volatile in 2018 as concerns around Emerging Market economies have increased and the US has gradually begun to lift interest rates.
This graph maps the South African Rand against the US dollar (Black), British Pound (Orange), the Euro (Blue) and Aussie Dollar (Red) over 12 months.
According to the Trading Economics Rand forecasts, the Rand is expected to trade at the following levels by the end of 2018:
- US Dollar / Rand – R14.58
- Euro / Rand – R16.71