South Africa Foreign Exchange Market (Monthly Report) - June 2019

The rand weakened against most major developed and emerging market currencies in May 2019 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 Japanese yen (-1.9%), US dollar (-1.8%) and euro (-1.4%). The rand was also weaker against the British pound (-0.4%), Swiss franc (-0.9%) and Chinese yuan (-0.5%). The rad strengthened slightly against the NZ and Australian dollar (0.8%).

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