The USD/ZAR exchange rate remained under pressure, moving from a high of 19.93 in April last year to the current 16. The ...
South Africa’s rand strengthened past 16 per dollar for the first time in almost four years, extending a rally fueled by global appetite for riskier assets as the US currency retreats.
The US Dollar to South African Rand exchange rate has extended its decline at the start of February, with USD/ZAR breaking back below the 16.00 level for the first time since mid-2022. MUFG attributes ...