South Africa Forex Market Overview (Monthly Report)

A monthly overview of the performance of the rand exchange rate against the most important developed and emerging market currencies. Purchasing power parity values for the rand are also shown against the dollar, euro, sterling, yen, Swiss franc and Canadian dollar. Rates of change in the rand against the various currencies are depicted for the past ten years. The changes in forward rates and trade financing rates are also depicted, as are spot, forward, swap and turnover statistics from the SA Reserve Bank.


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South Africa Foreign Exchange Market (Monthly Report) - March 2017

In February 2017, the rand (ZAR) strengthened against virtually all of the major developed and emerging market currencies.

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South Africa Foreign Exchange Market (Monthly Report) - February 2017

In January 2017, the rand (ZAR) weakened slightly against most of the major developed and emerging market currencies.

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South Africa Foreign Exchange Market (Monthly Report) - January 2017

In December 2016, measured on a year ago, the rand was substantially stronger against the British pound (30%) and the Chinese yuan (14.4%).

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South Africa Foreign Exchange Market (Monthly Report) - December 2016

In November 2016, measured on a year ago, the rand was still substantially weaker against the Japanese yen (-8.2%), Brazilian real (-13.4%), New Zealand dollar (-6.1%), US dollar (-2.1%) and Australian dollar (-5.3%).

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South Africa Foreign Exchange Market (Monthly Report) - November 2016

Using consumer price differentials of the past 10 years regressed on the crosses between the ZAR and other major currencies, reveal that the rand was now slightly overvalued against the EUR (0.4%), CHF (0.4%) and GBP (1.7%).

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South Africa Foreign Merchandise Trade (Monthly Report) - October 2016

The latest 12-month merchandise trade deficit amounted to R118 billion which was R35.8 billion less than the previous 12 months’ deficit.

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South Africa Foreign Exchange Market (Monthly Report) - October 2016

In September 2016, the rand (ZAR) gained significantly against all the major developed and emerging market currencies.

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South Africa Foreign Exchange Market (Monthly Report) - September 2016

In August 2016, the rand (ZAR) again slipped significantly against all the major developed and emerging market currencies.

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South Africa Foreign Exchange Market (Monthly Report) - August 2016

In July 2016, the rand (ZAR) continued to show an improvement against the major developed and emerging market currencies.

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South Africa Foreign Exchange Market (Monthly Report) - July 2016

In June 2016, the rand (ZAR) recovered most of its losses during May against the major developed and emerging market currencies.

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