South Africa Foreign Exchange Market (Monthly Report) - February 2018

The rand was again stronger against most currencies in January 2018 compared with the previous month. The unweighted average change in the value of the rand amounted to 1.1%. Month-on-month, the rand fared best against the US dollar (4.2%); Indian rupee (3.9%); and Canadian dollar (2.1%). A weaker performance was recorded against the Brazilian real (-0.3%); Swiss franc (-0.6%); and British pound (-0.8%).

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