‘Wild child’ rand is not likely to tame its decline
While sensitivity to myriad factors makes its prospects difficult to predict, historical trends point to further weakening
The rand is one of the world’s most volatile major currencies, at the mercy of local political developments and international market movements. Understanding the factors that move the exchange rate between the rand and other major currencies, as well as the longer-term trends, is the key to creating a financial plan that can weather the volatility.
Consider how the international political and economic climate affects the value of the rand. Because the rand is one of the more liquid and heavily traded emerging-market currencies, the SA currency is sensitive to a range of international factors beyond the control of the government. ..
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