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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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11 July 2017
In June 2017, the rand (ZAR) was, on balance, relatively stable against most of the major developed and emerging market currencies.
15 June 2017
Despite credit ratings downgrades in May and June, the rand was still stronger against most other currencies compared with a year ago.
10 May 2017
Despite credit ratings downgrades in April, the rand was still stronger against most other currencies compared with a year ago.
19 April 2017
In March 2017, measured on a year ago, the rand was still substantially stronger against the British pound (32.6%) and the euro (20.6%).
10 March 2017
In February 2017, the rand (ZAR) strengthened against virtually all of the major developed and emerging market currencies.
06 February 2017
In January 2017, the rand (ZAR) weakened slightly against most of the major developed and emerging market currencies.
09 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%).
07 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%).
08 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%).
17 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.