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 has lost its gains made during early the early session yesterday and is currently trading in the mid 15.3000 level. The improved level of the rand triggered USD buyers. The predicted trading range for the rand today is between 15.2000 and 15.7000.
International market focus is on the Bank on England and the European Central Bank who are scheduled to meet today to decide on policies and interest rates. Investors are also anticipating U.S. data due tomorrow.
Gold prices remain stable as the U.S. dollar shows improvement. Economies around the world are struggling with increasing inflationary risks ahead of major central bank meetings.
Foreign Exchange Rates
At time of writing:
The Rand traded at 15.3608 versus the dollar.
- GBP: 20.81
- Euro: 17.34
- Gold: 1804 USD
- Bitcoin: 37 064 USD
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