Rand News Update │ Rand stable at level of 15.3000

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We publish this daily rand news update of the rand to dollar rates and factors which influence foreign exchange markets, to help you make better decisions whether you send money, receive money or want the latest money transfer news.

The South African rand is trading stable at a level of 15.3000. It is showing some improvement below that level as market focus is now shifting on domestic inflation data and the central bank’s monetary policy meeting due this week. The predicted trading range for the rand today is between 15.1500 and 15.6500.

The South African Reserve Bank (SARB) will start its three-day monetary policy committee meeting tomorrow. On the agenda for Thursday is the decision around interest rates. Economists are predicting that the repo rate will be kept unchanged which is at 3.5%. There will also be some focus on the consumer price inflation numbers and retail sales figures which is due on Wednesday.

As of Sunday, 14 November 2021, South Africa has a total of 16 767 active Covid-19 cases. In the previous 24-hour monitoring period, there was a total of 262 new Covid-19 cases reported with a total of 8 deaths. The country’s recovery rate is on 96.4%.

https://sacoronavirus.co.za/2021/11/14/update-on-covid-19-sunday-14-november-2021/

Foreign Exchange Rates

At time of writing:

The Rand traded at 15.2194 versus the dollar.

  • GBP: 20.42
  • Euro: 17.43
  • Gold: 1861 USD
  • Bitcoin: 65 965 USD

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