The rand gained for a fifth day on Thursday as markets digested the SA Reserve Bank’s decision to keep interest rates unchanged.

At 5.55pm, the rand had firmed 0.28% to R16.2260/$ reaching R16.17/$ earlier in the day, its best level since March. It had strengthened 0.20% to R19.1868/€ and 0.28% to R21.0126/£. The euro had firmed 0.11% to $1.1825.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now