Rand News Update │ Rand trading at level of 15.80

coins

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 at a level of 15.8000. Yesterday we saw the rand acting very volatile as the demand for the USD surged. The local unit reached its highest level of 15.9400. The predicted trading range for the rand today is between 15.6500 and 16.15000.

The rand will remain under pressure along with most of the other emerging market currencies. The next technical level to reach is still on a level of 16.0000. The declining Turkish lira is also strongly influencing the rand and in return make the dollar stronger.

South African government has requested that Johnson & Johnson and Pfizer delay delivery on their vaccines. The reason for this is that the country’s inoculation drive. There are only 35% of South Africans vaccinated which is half of the government’s year-end target.

Foreign Exchange Rates

At time of writing:

The Rand traded at 15.8671 versus the dollar.

  • GBP: 21.20
  • Euro: 17.80
  • Gold: 1790 USD
  • Bitcoin: 56 943 USD

To start sending and receiving money today, download the SFX app now on Android or iOS

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

We Would Love To Hear From You!

More To Explore