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. 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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