A constructive stance on the South African Rand's outlook is the consensus one amongst amongst analysts we follow, with one major investment bank now saying the currency will be unfazed by the country's rising Covid-19 infections.

June 4,2021

South Africa's surging earnings from Platinum and other related precious metals has boosted the country's trade account with the rest of the world to the extend that the South African Rand is left looking undervalued, according to new research.

June 2,2021

The Rand tested new multi-year highs against the Dollar and weighed on GBP/ZAR this Tuesday as China’s Renminbi pushed USD/CNH to its lowest level since June 2018 in developments that could be indicative of further gains ahead for South African exchange rates.

May 25,2021

The Rand outperformed on Thursday after the South African Reserve Bank signalled ease with the currency’s 2021 rally when staying a steady policy course for the month of May, leading USD/ZAR to dive bomb the 14.0 handle as the South African unit appeared to set its sights on new highs.

May 20,2021

The Rand outperformed a range of major currencies in the midweek session even as global stocks came undone and stability returned to major economy bond markets, although technical analysts studying the charts say a period of consolidation could be ahead in light of the South African currency’s barnstorming 2021 rally.

May 20,2021

The South African Rand slipped against major currencies early in the new week as commodities softened following a mixed bag of Chinese economic figures, pulling the currency further from late 2019 highs seen last week, although Thursday’s South African Reserve Bank monetary policy decision is key to the outlook.

May 17,2021

The Rand was within arm’s reach of new milestone highs against the Dollar on Wednesday and levels that could be sustainably achieved over the coming weeks if ongoing developments in the U.S. bond markets lead to renewed interest from international investors in the comparatively higher yielding South African assets.

May 12,2021

The South African Rand was left to run higher against the U.S. Dollar and other currencies at the start of the new week after Moody's on Friday declined to update their view on South Africa's finances, although analysts at Goldman Sachs are warning investors to approach the currency with caution at current levels.

May 10,2021