The South African Rand weakened significantly after the announcement by President Ramaphosa that the ANC government intended going ahead with its nationalisation of the South African Reserve Bank (SARB).
Below we have mapped the South African Rand against the Dollar (Black), Euro (Orange), Pound Sterling (Blue) and Australian Dollar (Red) for the last 30 days.
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Despite a slew of negative news flow out of South Africa on both economic and political level, the Rand has performed admirably in the first month of 2019, strengthening against all of its major counterparts.
The US dollar and the Euro have tracked each other quite closely but the Pound Sterling has strengthened as the market…
It has been a busy week in financial circles with the Brexit vote and the South African Reserve Bank announcing it would hold interest rates at current levels.
Below we have mapped the Rand over the last 30 days against the US dollar (Black), Pound (Orange), Euro (Blue) and Australian Dollar (Red).
We can see that the…
The Rand has kicked off this morning trading at R13.91 to the US dollar and has trended stronger against all major currencies over the last 30 days.
The graph below maps the Rand against the Euro (red), US dollar (black), Pound (Orange) and Aussie dollar (Blue). With Europe being a major export partner for South African…
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…
It has been a volatile week for the South African Rand against the US dollar. There was some initial optimism ahead of the Medium-Term Budget Policy Statement (MTBPS) but this quickly waned as investors realised that South African finances were not in great shape.
The graph below shows the volatility of the Rand against the…
As a South African, much of your wealth - either business or personal - is going to be impacted by currency movements.
If you are able to crack the export market , you can benefit from Rand weakness but if you're having to import goods and services , you will find that currency fluctuations will play…
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…
One of the big debates for South African investors at the moment, revolves around the question of whether the Rand is “strong” (on the back of new political leadership) or whether the Dollar is “weak”.
This is particularly topical for investors who are concerned about both the economic and political outlook for South Africa and are…
** Rand / Dollar exchange rate was R11.80 at time of writing
The “strength” of the Rand in recent weeks has created a lot of debate in recent weeks, but forecasters are predicting that the South African currency could weaken in the coming weeks.
Following the ousting of Jacob Zuma as president and Cyril Ramaphosa announcing changes…
South African business owners and investors are very sensitive to currency movements, particularly if they are invested in the JSE or importing / exporting goods and services.
The Rand is one of the most volatile and liquid currencies in the world and is particularly sensitive to political developments and capital flows. Since the announcement that Cyril…
While there will be much euphoria around a Cyril Ramaphosa victory at the ANC elective congress yesterday, investors should not forget that the SA economy remains in a tough place and the current Rand strength may be a reason to in fact continue to diversify offshore.
If you are reading news headlines and social media this…