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 breached below the 14.5000 level in yesterday’s trades. The local unit reached a best level of 14.4350. In the overnight session the rand lost its gains to trade at 14.5225 this morning. The predicted trading range for the rand today is between 14.3500 and 14.7500.
Ukrainian President, Volodymyr Zelenskiy announced on Thursday that they are preparing for new Russian attacks in the east of the country. Russia has experienced some setback near the capital Kyiv. There has been no progress in peace talks between Ukraine and Russia, which has now pushed Russia to regroup their forces in the eastern region of Ukraine.
The rand has improved with almost 10% this year, resulting in one of the best performing emerging market currencies. The local unit pulls support from increasing commodity prices along with other exporters like Angola, Brazil and Chile.
Foreign Exchange Rates
At time of writing:
The Rand traded at 14.4996 versus the dollar.
- GBP: 19.01
- Euro: 16.12
- Gold: 1924 USD
- Bitcoin: 47 122 USD