You've landed on our UK website.
Click here to visit our USA website.

If you are having difficulty locating the information you require, we're here to help. Just get in touch and we will do our best to assist you.

CD South Africa: The rallying rand

The “Mighty Madiba” has broken through the 16.35/$ support level, and starts off at 16.08/$ (that’s no typo folks). Spurred on by a 50bp hike from the South African Reserve Bank and a 20bp rate cut from the Bank of Japan, the local unit is now setting its eyes on a break below 16/$. Not an easy task, considering the heightened event risk for today.

South African trade balance (14h00), EU inflation (12h00) and US fourth quarter GDP for 2015 (15h30) will all be released today. Have a great weekend! 

Commentary by Justin Lodewyk

 

Check our exchange rate

Thanks, we'll be in touch.

Check your inbox - one of our currency experts will be in touch to complete your quote.

If you want see our online exchange rates straight away, simply register online & log in.