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

In August 2017, the rand (ZAR) rand was, in general, stronger against most of the major developed and emerging market currencies. The unweighted change in the rand against 12 currencies amounted to 1.3% m/m. The rand was considerably stronger against most other currencies compared with a year ago. Measured on a year ago, the unweighted average change in the value of the rand amounted to 0.4%.

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