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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
21 July 2020 - 11:44
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 (https://youtu.be/JqB5s0UCmQU). Business Day TV spoke to Lukman Otunuga from FXTM about current trading conditions and the index to gauge where the local unit is headed...
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