In January 2017, the rand (ZAR) weakened slightly against most of the major developed and emerging market currencies. The unweighted change in the rand against 12 currencies amounted to –1% m/m. On a month-on-month basis, the rand depreciated most against the Japanese yen (-3.1%), NZ dollar (-3%) and Australian dollar (-3.2%). Against the euro, the rand weakened by –0.7%, but the rand strengthened by 1.7% against the dollar.
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