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

The rand weakened against most currencies in May 2018 compared with the previous month. The unweighted average change in the value of the rand amounted to -0.7%. Month-on-month, the rand depreciated most against the Russian rouble (-2.8%), yen (-2.3%), Swiss franc (-2.3%) and Australian dollar (-2.3%). The rand lost 1.9% against the US dollar and 0.7% against the yuan. The rand gained against the euro (1.3%), British pound (1.6%) and Brazilian real (4.2%).

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