Rand News Update │ Rand lost ground trading at 15.30 level

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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 has lost all its gains made in the previous session and is now trading at a level of 15.3000. Global risk-off sentiment is in favour of the USD because of the Ukraine-Russian tension. The predicted trading range for the rand today is between 15.0500 and 15.5500.

The local unit quickly recovered to a level below 15.0000 in yesterday’s session. The short-term technical level is predicted to reach a high of 15.4000. The rand is trading 0.9% weaker against the dollar compared to yesterday’s closing level.

Russian President Vladimir Putin has approved a special military operation in eastern Ukraine, which the Ukrainians are saying it’s a full-scale invasion. Russia is an important supplier of energy to global customers in Europe and is supplying a quarter of its oil and a third of its gas.

Foreign Exchange Rates

At time of writing:

The Rand traded at 15.2632 versus the dollar.

  • GBP: 20.42
  • Euro: 17.17
  • Gold: 1940 USD
  • Bitcoin: 35 437 USD

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