Estimates of the rand’s fair value range from R12.23 to R18, but the consensus is that the rand should trade at about R15.64 to the dollar.
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Maroc - CAPETOWNETC.COM - A La Une - 26/Jan 18:00
South Africa’s rand touched a level below R16 to the US dollar on Monday morning, 26 January, marking a milestone not seen in nearly four years. The move, though short-lived, signals growing confidence in local assets following a softer greenback and renewed global appetite for emerging markets. As outlined by BusinessTech, the rand’s advance comes after a prolonged recovery from...
Estimates of the rand’s fair value range from R12.23 to R18, but the consensus is that the rand should trade at about R15.64 to the dollar.
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