Pound Rand forecast page 19 - GBP ZAR

The South African Rand was buckling under the pressure on Tuesday and both the Rand to Pound and Rand to US Dollar exchange rates posted declines. The commodity-driven currency eased lower as a result of widespread risk aversion and the ongoing strike in South Africa’s all-important platinum mining sector. The Pound Sterling to South...

The rout of emerging market currencies has continued during today’s session following shock interest rate hikes from Turkey and South Africa’s central banks over the past 24hrs. The action from Turkey’s central bank was perhaps the most eye-catching – the Central Bank of Turkey made the shock announcement that it was raising its...

The South African Rand to Dollar exchange rate (ZAR/USD) has tumbled to a four-year low after it extended its losses as the global sell-off of emerging market assets continues. The Rand to Dollar exchange rate is currently trading at 0.0961 ZARUSD. The inverse Dollar to Rand exchange rate is 10.3999 USD/ZAR. The Rand exchange rate has...

The Rand has suffered significant losses against all the majors over the last six weeks. Since the turn of the year, the Rand has weakened from 6.58 against the US Dollar to trade above 7.31 at the end of last week. These losses have been partly attributable to comments from policy makers in South Africa who suggested that a weaker Rand was...