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South African Rand ZAR

 

Detailed information and fundamental factors

Central Bank: South African Reserve Bank

Interest Rate: 3.75%

Public Debt to GDP Ratio, 2017: 50.1%

Trade Balance, 2018: $1.3 bln.

Inflation, 2019: 4.1%

Sovereign Credit Ratings:

Fitch
BB+
Negative
Moody's
Ba1
Negative
S&P
BB-
Stable

Supporting Factors

Major commodity exporter

medium

High-yielding interest rates

medium

Factors of Weakness

Politically unstable country

weak

High-risk emerging country

medium

The South African rand is the currency of the Common Monetary Area between South Africa, Swaziland and Lesotho. The currency is also used in Namibia, even though the country left the Common Monetary Area. The rand was introduced in 1961.



South African Rand News Archive

South African Rand Extends Winning Streak As Global Sentiment Improves

The South African rand is extending its winning streak against the US dollar as it continues to find support in global foreign exchange markets. With a fierce risk appetite and general optimism in the broader financial markets, investors are pouring into the rand. As the number of confirmed coronavirus cases comes down and the central bank indicating tightness in monetary policy, the rand may emerge as one of the top emerging market currencies.

South African Rand Extends Rally As Goldman Warns EM Currency May Have Peaked

The South African rand is extending its rally midweek, despite analysts warning that the emerging market currency may have already peaked. The rand recently touched its best level in nearly three months due to investors’ risk appetite increasing amid greater certainty, reopening economies, and accommodative monetary policy. Has the rand peaked, or does it still have room to rally?

South African Rand Gains on Surprisingly Strong Economic Growth

The South African rand rallied today after South Africa’s economy demonstrated surprisingly strong growth.

South African Rand Gains Despite Disappointing PPI

The South African rand rallied against the US dollar and the euro today after falling earlier due to disappointing macroeconomic data. It looks like the market sentiment was positive enough to support the currency.

South African Rand Gains Despite Slowing Inflation

The South African rand gained against the US dollar and the euro today despite South Africa’s slowing inflation. Market analysts are skeptical, though, about the rand’s ability to maintain the rally for a long time.

South African Rand Gains After Inflation Beats Expectations

The South African rand gained today after nation’s inflation beat expectations.

South African Rand Jumps as ANC Heads to Victory in Election

The South Africa rand jumped against the US dollar today on the positive outcome of the national election.

Rand Drops After South African Economy Enters Recession

The South African rand dropped today, touching the lowest level since June 2016 against the US dollar, after the nation’s economy entered recession unexpectedly.

South African Rand Slumps As Government Warns of ‘Catastrophe’ Without Land Reform

The South African rand is sliding to its lowest level in more than a week after the government warned of a national “catastrophe” should its controversial land reform program fail to take place. South Africa has been under the spotlight in recent months after domestic leaders have been pressing land reform as a way to eliminate inequality and facilitate racial justice, something that has drawn international support.

South African Rand Touches Lowest Level in Two Years

The South African rand touched the lowest level in two years against the US dollar today amid fears that the Turkish financial crisis will spread to financial systems of other countries.

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