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South African Rand ZAR


Detailed information and fundamental factors

Central Bank: South African Reserve Bank

Interest Rate: 5.25%

Public Debt to GDP Ratio, 2017: 50.1%

Trade Balance, 2018: $1.3 bln.

Inflation, 2018: 4.5%

Sovereign Credit Ratings:


Supporting Factors

Major commodity exporter


High-yielding interest rates


Factors of Weakness

Politically unstable country


High-risk emerging country


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 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.

Rand Gains on News About Possible End to President Zuma’s Rule

The South African rand gained on the US dollar today after news broke out that President Jacob Zuma, who was in power since 2009, may lose his post.

South African Rand Reaches 12 per Dollar for First Time Since 2015

Today, the South African rand reached the 12 per dollar level for the first time since May 2015. That happened thanks to the growing optimism about the future of the country’s economy as well as due to the general risk-positive market sentiment.