Rand News Update │ Rand trading at level of 15.80

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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 at a level of 15.8000 after encountering some set back as market outlook for risk assets improved. The increase of Covid-19 cases is a concern for investors which are worried about the near-term economic outlook.

Asian stocks showed an improvement as the sentiment of global investors are looking more positive as we near year-end. Gold prices made little movement as this safe-haven metal is driven by the quickly spreading Omicron variant.

As of 21 December 2021, South Africa has recorded 198 426 active Covid-19 cases, with the death toll climbing with another 35 cases. The total number of vaccines administered in the country is now a total of 27 669 950. KwaZulu-Natal has now become the new epicenter of South Africa’s Covid-19 infections. The province has recorded just over 4000 cases in the last 24 hours.

Foreign Exchange Rates

At time of writing:

The Rand traded at 15.8735 versus the dollar.

  • GBP: 21.07
  • Euro: 17.89
  • Gold: 1788 USD
  • Bitcoin: 49 145 USD

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