Business Day Spotlight
PODCAST | Where do we stand with the rand?
Host Mudiwa Gavaza is joined by Terence Hove, a financial markets analyst at currency trading firm Exness
Our host Mudiwa Gavaza is joined by Terence Hove, a financial markets analyst at currency trading firm Exness.
Hove says the local currency has had a volatile year, characterised by many peaks and troughs as economic factors change over time. The rand strengthened to R13.40/$ in May, yet fell to as low as R15.40/$ at other points.
In the last two weeks, the rand has strengthened 6.5% against the dollar, driven in part by the weakening of the US currency.
Join the conversation:
Hove runs through the impact on the rand of various indicators including GDP, unemployment, manufacturing data, US monetary policy and the Covid-19 vaccination effort.
Topics of discussion include the performance of the rand so far the year; is the current rand strength sustainable?; geopolitical factors affecting SA’s economy; the country’s performance relative to its emerging market peers and the US; and the importance of Covid-19 vaccinations for SA's economic prospects.
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• Business Day Spotlight is a MultimediaLIVE production.
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