WATCH: How to work out the rand’s true value
FXTM’s Lukman Otunuga talks to Business Day TV about the performance of the local currency
The rand weakened early on Monday as a surge in Covid-19 infections led to risk-off trading.
But The Economist’s Big Mac index shows that the rand is the world’s most undervalued currency. Business Day TV spoke to Lukman Otunuga from FXTM about current trading conditions and the index to gauge where the local unit is headed.
Or listen to the full audio:
Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.
Please read our Comment Policy before commenting.