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, or want the latest money transfer news.
The South African rand is improving to levels below 18.80 in this morning’s session. The local unit traded in a limited trading range in yesterday’s session. The predicted trading range for the rand today is between 18.7000 to 19.0000.
Global market focus is on the U.S. Central Bank, which is expected to keep rates steady. Investors will look for indicators on when they can expect a rate decrease. Local market focus will be on December trade balance due later today.
The fluctuations of the USD/ZAR pair during January are caused by complex economic issues and geopolitical factors. The ongoing volatility and unpredictable global events will continue influencing the exchange rate markets.
Foreign Exchange Rates
At time of writing:
The Rand traded at 18.7069 versus the dollar.
GBP: 23.71
Euro: 20.26
Gold: 2039 USD
Bitcoin: 42 789 USD
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