The South African Rand chipped away at a longstanding undervaluation against a tentatively docile Dollar on Thursday and may remain in demand over the coming months now the Federal Reserve has gotten its message across about the U.S. interest rate outlook.

April 29,2021

There are three factors driving an ongoing appreciation of the South African Rand say analysts at one of the world's largest global lender and investment bank, however these drivers should wane in the medium-term.

April 28,2021

The Pound-to-Rand exchange rate (GBP/ZAR) remains subject to a short-term downtrend with little indication the bears are yet willing to relinquish their grip.

April 26,2021

A benign global investment backdrop is the main engine behind recent advances in the value of the South African Rand, and this support is expected to remain in place for some time yet say analysts.

April 22,2021

The South African Rand was leading the emerging market currency club on Monday, furthering an outperformance that has opened the door to two-year highs around 13.87 in the weeks or months ahead, according to technical analysts at Commerzbank.

April 19,2021

The South African Rand remains the hands down outperformer of the week and is likely on course for further gains over and above its recent 16-month highs over the coming periods, according to some traders and analysts.

April 16,2021

The South African Rand rose on Tuesday as the U.S. Dollar appeared to deflate in the wake of March inflation data that failed to give the greenback a new lease of life, leading USD/ZAR to test a key technical support level that is the last impediment to January 2020 highs.

April 13,2021

The Rand has outperformed all major developed and emerging market rivals over multiple timeframes, placing pressure on a key USD/ZAR support level that is the last technical impediment to more than two year highs around 13.87 for the South African currency. 

April 8,2021