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South African Rand ZAR

 

Detailed information and fundamental factors

Central Bank: South African Reserve Bank

Public Debt to GDP Ratio, 2015: 45.4%

Trade Balance, 2015: -$1.67 bln.

Inflation, 2015: 4.8%

Sovereign Credit Ratings:

Fitch
BB+
Stable
Moody's
Baa2
Negative
S&P
BB+
Negative

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

Rand Falls as Political Turmoil in South Africa Intensifies

Political turmoil in South Africa persists, and it continued to hurt the rand, which dropped more than 1% on Wednesday.

South African Rand Bounces After Intraday Drop

The South African rand fell during the current trading session but has bounced versus the US dollar by now. The drop was a result of the sovereign credit rating downgrade by Standard & Poor’s.

South African Rand Bounces, Jumping More Than 1% vs. Dollar

The South African rand erased yesterday’s losses today, jumping more than 1% against the US dollar.

Rand Falls as Markets Expect Gordhan to Leave Office

The South African Rand dropped today amid speculations that Finance Minister Pravin Gordhan will leave his office.

Rand Climbs as South Africa’s Credit Ratings Preserved

The South African rand rallied more than 1% at the start of the current trading week after rating agencies maintained South Africa’s credit grade at the end of the last week.

Rand Lower vs. Dollar After South African Central Bank Policy Meeting

The South African rand dropped against the US dollar today following the nation’s decision to keep its repurchase rate unchanged.

South African Rand Plunges as Pravin Gordhan Summoned to Court

The South African rand plummeted today after Finance Minister Pravin Gordhan was officially summoned to court.

South African Rand Steady After Central Bank Maintains Policy Stable

The South African rand was almost flat against the US dollar after the South African Reserve Bank kept its monetary policy intact but signaled that the monetary tightening cycle may come to an end soon.

South African Rand Rises, Remains Under Pressure from Political Uncertainty

The South African rand rose a bit today, joining other currencies of emerging markets in a small scale rally, but remained under pressure from political turmoil in South Africa.

South African Rand Tumbles Over Political Turmoil

The South African rand fell today as political turmoil in the country made the currency not particularly attractive to investors.

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