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 still trading weaker as the USD is taking advantage of the current support its receiving. Yesterday the local unit traded in a range of 18.3475 to a high of 18.5900 by time of closing. The predicted trading range for the rand today is between 18.2500 to 18.7500.
Any improvement from the rand will be limited as markets are cautious ahead of data releases from the U.S. for today and tomorrow. Local data releases for today are the monthly whole economy PMI data. This data will provide an outlook into the country’s private sector activity.
Foreign Exchange Rates
At time of writing:
The Rand traded at 18.6552 versus the dollar.
Gold: 1936 USD
Bitcoin: 29 086 USD