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

Compared with the previous month, the rand strengthened against most emerging market currencies but traded weaker against developed market currencies. The unweighted average change in the value of the rand amounted to -2%. Month-on-month, the rand appreciated most against the Indian rupee (3.3%) and Chinese yuan (3.1%) and weakened most against the US dollar (-7%), euro (-6.3%) and Swiss franc (-5.8%). The rand was also weaker against the yen (-4.7%) and British pound (-4.6%).

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