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

The rand was again stronger against most currencies in February 2018 compared with the previous month. The unweighted average change in the value of the rand amounted to 2.9%. Month-on-month, the rand fared best against the Canadian dollar (5.3%); Australian dollar (5.2%); and Brazilian real (3.9%). The rand also strengthened against the British pound (3.5%), euro (3.1%) and US dollar (1.3%). The rand was slightly weaker against the Japanese yen (-0.4%).

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