The Rand was a middle of the road performer among emerging and developed market currencies Tuesday but held near to six-month highs against the Dollar and Pound as domestic data further hinted at a robust economic rebound and international markets rallied on increased optimism about the global outlook.

November 24,2020

• South African Reserve Bank

The Rand steadied late in a third consecutive session of losses Thursday after the South African Reserve Bank (SARB) left its interest rate unchanged, although with the Dollar resurgent alongside coronavirus containment measures in North America, the risk is of a further move lower for the currency. 

November 20,2020

The Rand slipped against many currencies on Tuesday as investors took a breather following Monday's vaccine-induced rally but will be tested further this week by a series of credit rating decision that could temper investor appetite for the South African currency. 

November 17,2020

The South African Rand went higher by over a percent against the Pound and other major currencies as global investor sentiment rose sharply in the wake of news that biotech firm Moderna's vaccine candidate has proven successful, while on the domestic front investors appear to be warming to news the country's economic growth recovery strategy is on track.

November 16,2020

The South African Rand slowed in its advance on major emerging and developed world rivals Thursday but remains on course to recover further previously lost ground over the coming months, as the global economy recovers while the Dollar declines and U.S. interest rates remain pinned to the floor.

November 12,2020

The Rand suffered a setback on Tuesday with widespread losses pushing it back from February highs against major currencies, although the South African unit could rise significantly next year when a coronavirus vaccine is expected to bolster the global economic recovery, according to Investec. 

November 11,2020

The Rand all but erased its coronavirus-inspired collapse against the Dollar Friday as market expectations for a changing of the guard in Washington solidified, although technical analysts and some traders have tipped the South African unit for even further gains ahead.

November 6,2020

The Rand advanced widely on Tuesday as voting began in the 2020 U.S. presidential election and investors bet confidently on an opposition victory, although whatever the outcome, upside for the South African currency is said to be limited amid ongoing declines in its fundamental value.

November 3,2020