SA rand exchange rate against major currencies after election
The South African rand weakened following the results of the 2024 elections in the country. Take a look at the latest numbers.
The South African rand weakened following the results of the 2024 elections in the country.
While political parties jostle to form coalitions following an historic election which saw the ruling African National Congress (ANC) lose its majority for the first time in 20 years, the rand took a hiding.
South Africans are urged to batten down the hatches and prepare to weather the storm ahead until the political landscape in Mzansi stabilises.
The table below depicts the rand exchange rate against five other major currencies.
They are the dollar (US dollar), pound, euro, Australian dollar (A$) and New Zealand dollar (NZ$).
| Dollar | R18.83/$ |
| Pound | R23.98/£ |
| Euro | R20.44/€ |
| Australian dollar | R12.51/A$ |
| New Zealand dollar | R11.56/NZ$ |
Exchange rates as at 09:25 on Monday, 3 June 2024