06 December 2022 South African Rand Recovery Steering GBP/ZAR toward Waters Below 21.0

The Pound to Rand exchange rate retreated further from one year highs early on this week and appeared set to test the waters beneath the 21.0 level but international market conditions and next week…

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01 December 2022 South African Rand Drops 5% as Ramaphosa Prepares to Announce Resignation

The South African Rand has lost significant value on news South Africa's president Cyril Rampahosa is set to resign.

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29 November 2022 South African Rand Rally Driving GBP/ZAR Toward November Low 

The South African Rand was an outperformer among comparable currencies early in the new week when rallying against the Dollar and pushing the Pound back toward its early November lows though the ri…

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25 November 2022 South African Rand at Risk from Further Dollar Rebound Says Goldman Sachs

The South African Rand fell broadly ahead of the weekend as the Dollar climbed from the week's lows but would likely sustain steeper losses if the greenback reverses more of its November …

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24 November 2022 South African Rand Finds Feet after SARB Lifts Cash Rate to Highest Since 2009

The South African Rand steadied against the U.S. Dollar but continued to lag behind other comparable currencies after the South African Reserve Bank (SARB) raised its interest rate to its highest s…

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22 November 2022 South African Rand Testing Key Level Against Dollar as GBP/ZAR Climbs

The Rand has continued to test an important level of resistance against the Dollar on the charts though it has been unable to subdue a buoyant Pound Sterling and will have to navigate a multitude o…

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15 November 2022 South African Rand Recovery Past $17.25 Hints of Trend Reversal Underway

The Rand pushed USD/ZAR below 17.25 to reach its highest level since early September this week in a turn of events that creates scope for further gains in the days and weeks ahead while also warnin…

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02 November 2022 Pound to Rand Rate Risking Deeper Setback from Near the Year's Highs

The Pound to Rand exchange rate has more than reversed its September losses in a recovery that has most recently stalled near 2022 highs but it will run the risk of a corrective setback later this …

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13 October 2022 South African Rand Finds Feet after Dollar's Inflation Acceleration Reverses

The South African Rand fell to a fresh two-year low against the Dollar before recovering sharply on Thursday following another surprisingly strong set of U.S. inflation figures, although domestic f…

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