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

The rand weakened against all major developed and emerging market currencies in October 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 depreciated most against the Brazilian real (-10.4%), US dollar (-3.4%), Russian rouble (-3.3%) and Canadian dollar (-2.8%). Smaller losses were recorded against the euro (-0.9%), British pound (-0.6%), Indian rupee (-2%) and Swiss franc (-2.1%).

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