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

In July 2017, the rand (ZAR) rand was, in general, slightly weaker against most of the major developed and emerging market currencies. The unweighted change in the rand against 12 currencies amounted to -1.1% m/m. On a month-on-month basis, the rand depreciated most against the Brazilian real (-3.9%), Canadian dollar (-3.7%) and Australian dollar (-3.3%).

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