Rand weakens past R19/$ as oil prices plummet
Brent crude oil price fell to its lowest level since 2002 on Tuesday morning
21 April 2020 - 12:19
The rand broke through R19/$ on Tuesday as emerging-market currencies fell alongside plummeting oil prices.
At 11.40am, the rand had weakened 1.37% to R19.0687/$, earlier weakening to a two-week low of R19.07. It was down 1.13% to R20.6755/€ and 0.75% to R23.5661/£. The euro had weakened 0.22% to $1.0843. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.