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

The rand strengthened against all major developed and emerging market currencies in September 2018 compared with the previous month. The unweighted average change in the value of the rand amounted to 4%. Month-on-month, the rand appreciated most against the Indian rupee (6.7%), Swiss franc and Chinese yuan (5%). The rand was also stronger against the Japanese yen (4.9%) and US dollar (4.1%). The rand was 3.2% stronger against the euro and 3.2% against the British pound.

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