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Rand News Update │ Rand trading in muted markets

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 trading in muted markets as there is various indicators during the week. The local unit traded below a level of 18.80 but failed to hold onto its gains. The predicted trading range for the rand today is between 18.6500 to 18.9500.


Market focus are on the FOMC meeting starting today. Where items such as money supply figures and the government finance statistics. Local market focus today is on National Treasury releasing December local budget balance data.


Key support level for the rand remains at a level of 18.60 level with a break below a level towards 18.10 to 18.00. Consolidation for the ZAR is possible if the market takes direction from the USD.


Foreign Exchange Rates

At time of writing:

The Rand traded at 18.8625 versus the dollar.

  • GBP: 23.92

  • Euro: 20.39

  • Gold: 2037 USD

  • Bitcoin: 43 433 USD

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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, or want the

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