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 improved to trade at a level of 18.60 by the time of close in yesterday’s session. The local unit posted steady gains during the week after it started off at a level 18.80. The predicted trading range for the rand today is between 18.4000 to 18.7000.
Market focus today will be on the U.S. non-farm payroll data scheduled for release this afternoon, which will cause some erratic price action as markets approach the weekend. As there are no major local economic data releases due today, the rand will take its cue from global drivers and dollar direction.
Foreign Exchange Rates
At time of writing:
The Rand traded at 18.6434 versus the dollar.
GBP: 23.76
Euro: 20.26
Gold: 2055 USD
Bitcoin: 43 000 USD
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