After fluctuations in the past week, the South African Rand has been able to find solid and stable ground despite shaky global markets.

The Rand gave experts something to smile about after it climbed to it’s best levels this year since February due to increased gold prices.

The Rand has taken a significant dip against major currencies this week, prompting experts to be concerned about it’s recovery.

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

The Rand had a tough week against the major currencies despite a weak dollar. Find out more details in this following weekly rand report.

The rand has been consolidating since the big down-candle last Tuesday, where it strengthened against the Dollar from a high of R18.72 to a low of R18.208.

The rand is not alone in its poor performance over the past week. Rather, it mirrored declines in other emerging-market currencies.

The Rand seemed to be breaking down against the dollar. The following report has more information on the performance.

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The rand started strong on Monday, jumping 1% against the Dollar to continue its short-term uptrend against the major currencies.

The rand has maintained its elevated volatility over the past week amongst current uncertainty. More in this week’s rand report.

The South African rand has been under enormous pressure this week following its dynamics with the GBP and USD. More in the following report.

The South African rand has recently shown signs of strength against several major currencies largely influenced by global shifts this week.

The South African rand started the week with a mix of hope and uncertainty. It strengthened against several currencies in the prior week.

The ZAR had a relatively stable performance in the preceding week. However, the (PPI) data, signalled potential trouble.

Last week, the South African rand displayed notable strength, surging against all 19 currencies monitored. The most significant gains were against the Swedish Krona (SEK) and the Australian Dollar (AUD). This performance has been impressive, especially considering the ZAR’s previous weakness in May. The recent rally indicates a remarkable rebound for the currency, which was […]

Last week, the South African rand strengthened against all the top 19 currencies we monitor. The ZAR exhibited noteworthy strength as sentiment turned in its favor. South Africa’s inflation rate came in at 5.4% in June, down from 6.3% in the prior month. This was the lowest inflation reading in 19 months, with inflation falling […]

The South African rand ended last week in the green, recovering from recent headwinds as risk sentiment turned away from safe-haven assets. The focus last week was on US inflation data which served as the catalyst for a shift towards risk-on investment sentiment. The US inflation rate came in at 3.0% in June, declining from […]

Last week, the South African rand weakened against 14 of the top 19 currencies we monitor. Another slow week of South African data left the emerging-market currency in the hands of global developments. On Wednesday, market participants remained focused on the Federal Open Market Committee (FOMC) meeting minutes, searching for clues about potential future interest-rate […]

The South African and ended up with the short end of the stick again, with the ZAR testing all-time lows against many major currency counterparts. Despite a rather stable week in the forex markets, the ZAR continued along its downward trajectory. South African producer price index (PPI) data came in at 7.3% for the month […]

The South African rand weakened against 18 of the top 19 currencies we monitor. A degree of ZAR profit-taking activity, coupled with a fresh wave of risk-off sentiment brought a stop to the recent Rand rally. Last week, the global market focus was fixed on the testimony by the US Fed Chair, Jerome Powell. He […]

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