The foreign exchange market plays a pivotal role in South Africa’s political and economic landscape. Its numerous influencing factors and their complex effects on the economy make foreign exchange rates both fascinating and essential to understand. Contrary to what we might think, foreign exchange affects everyone, from the government and Reserve Bank to multinational companies and private households.

Foreign exchange rates are crucial in determining the cost of investing in South Africa, the cost of imported goods, and the revenue from exports. These factors, along with the value of our currency relative to others, directly influence our economic development...

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